This Federal Budget comes at a time when small businesses are at a crossroads. Falling sales revenue combined with rising input costs have put a major squeeze on the profitability and viability of Australia’s 2.5 million small businesses.
Budget 2024-25 provides the government an opportunity to ensure small business owners are supported to be more productive, rather than deterred from employing others and increasing their productivity.
Small businesses need a greater level of tailored support measures and less administrative and regulatory pressures. We continue to advocate for small business stakeholder consultation in relation to the 2024-25 budget and we look forward to assisting you in this regard wherever possible.
Find the Full Submission here.
For media enquiries or interviews, please contact COSBOA at ceo@cosboa.org.au or call (+61) 433 644 097.
Luke Achterstraat
COSBOA
Chief Executive Officer