Bud­get 2017: Small busi­ness di­rec­tion wel­comed

Australian Transport News - - CONTENTS -

Om­buds­man and T&L peak bodies wel­come fund­ing al­lo­ca­tions in the�2017-18 Bud­get

AUS­TRALIA’S SMALL busi­ness Om­buds­man and trans­port and lo­gis­tics peak bodies have wel­comed fund­ing al­lo­ca­tions in the 2017-18 Bud­get.

While the Aus­tralian Truck­ing As­so­ci­a­tion ( ATA) is pleased with fed­eral gov­ern­ment’s com­mit­ment to con­tinue fund­ing road safety in­fra­struc­ture pro­grams, the Aus­tralian Lo­gis­tics Coun­cil ( ALC) wel­comes the $ 8.4 bil­lion com­mit­ment to­wards the Mel­bourne to Bris­bane In­land Rail project.

ALC also com­mends the gov­ern­ment for al­lo­cat­ing $ 5.3 bil­lion to con­struct the West­ern Syd­ney Air­port and $ 75 mil­lion to du­pli­cate the Port Botany freight rail line.

Aus­tralian Small Busi­ness and Fam­ily En­ter­prise Om­buds­man ( ASBFEO) Kate Car­nell says small busi­nesses will benefi t from the $ 20,000 in­stant as­set write- off scheme that has been ex­tended to June 30 next year.

The Aus­tralian Live­stock and Ru­ral Trans­porters As­so­ci­a­tion ( ALRTA) high­lights the gov­ern­ment’s ex­ten­sion of in­fra­struc­ture pro­grams to 2020-21, in­clud­ing: • Roads to re­cov­ery ($ 400 mil­lion

per year) • Black spot ($ 60 mil­lion per year) • Heavy ve­hi­cle safety and

pro­duc­tiv­ity ($ 40 mil­lion per year) • Bridges re­newal ($ 60 mil­lion per year). ATA chair Ge­off Crouch says these projects are “highly cost ef­fec­tive and de­liver safety im­prove­ments such as truck rest ar­eas, round­abouts and street lights at dan­ger­ous places on our roads”.

Crouch joins Car­nell in com­mend­ing the gov­ern­ment for its “small busi­ness fo­cus” through the ex­ten­sion of the in­stant as­set write- off pro­gram.

The scheme al­lows small busi­nesses to im­me­di­ately deduct as­sets cost­ing less than $ 20,000 in­stead of claim­ing de­duc­tions over a num­ber of years.

“The vast ma­jor­ity of truck­ing busi­nesses are small busi­nesses. Ninety-four per cent have a turnover of $ 2 mil­lion or less,” Crouch says.

“The gov­ern­ment’s de­ci­sion to ex­tend the in­stant as­set write- off to 30 June 2018 will benefi t many el­i­gi­ble busi­nesses.”

The Om­buds­man of­fice sup­ports other “pro- small busi­ness ini­tia­tives” in the Bud­get in­clud­ing mea­sures that will “re­quire banks to be more ac­count­able and trans­par­ent in their deal­ings with small busi­ness and open up com­pe­ti­tion in al­ter­na­tive sources of fi nance”.

How­ever, the Om­buds­man is “dis­ap­pointed” that the gov­ern­ment did not set an ex­am­ple of faster pay­ment times by adopt­ing a manda­tory pay time scheme or a na­tional pay­ment trans­parency reg­is­ter to in­de­pen­dently mon­i­tor pay terms and prac­tices.

“The vast ma­jor­ity of truck­ing busi­nesses are small busi­nesses”

Kate Car­nell

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