COSBOA Chairman and CEO of the Real Estate Institute of Australia (REIA) Amanda Lynch was in Malta recently for a private visit and teamed up with the Director-General of the Malta Chamber of Commerce, online Enterprise and Industry, pills Kevin Borg, rx and other representatives from the Maltese business community.
At the dinner, Ms Lynch gave a presentation on the challenges facing small business in Australia and spoke about the B-20 business forum which will be held in Australia next year in the lead-up to the G-20. The globalisation of the world economy and the fact that small business is responsible for 41% of all business-exported goods, increasingly in the area of intellectual capital and consultancy, selling financial products, computer programs and electronics, has placed Australia on the international stage.
The Maltese business community is keen to work with its new government elected on 9 March to reduce red tape and the compliance burden for small business. Of particular interest was the Red Tape Challenge work that the Council of Small Business of Australia (COSBOA) is doing as part of the COAG Business Advisory Forum and Ms Lynch also provided a briefing on the Opposition’s Deregulation Taskforce discussion paper.
A common point of discussion was the involvement of women in the small business sector. The Maltese Chamber is finding an increasing number of women participating in small business. In Australia women are starting businesses at twice the rate of men and now form about one-third of all small business owners. This is a positive development, as women stay in the workforce at the different stages of their life and preserves female labour force participation and earnings.