Small business flood assistance could go further
The Coalition has questioned the level of support provided by the Gillard Government for small businesses affected by the floods in Queensland, after it announced a further $2 million in assistance for the sector today.
Shadow Small Business Minister Bruce Billson welcomed the funding announcement but said the Gillard Government could do a lot more without hurting the budget.
“The Coalition has a clear policy to help small businesses get back up on their feet following a natural disaster and I would strongly urge the Gillard Government to look at it,” Mr Billson said.
“There is no copyright on an idea that helps Australians get back on their feet.
“Our Plan for Small Business Emergency Assistance recognises that small businesses play an essential part in the recovery of local communities from natural disasters.
“Beyond the initial clean-up, small businesses often have to then deal with interrupted supply chains, replacing spoiled product, weaker trading conditions, mounting bills and a cash flow squeeze.”
The Coalition’s Plan for Small Business Emergency Assistance would:
*Provide Concessional loans for consequentially affected small business of up to $100,000
*Provide a GST and PAYG Holiday
*Waive the PAYG variation penalty
Shadow Minister for Small Business, Competition Policy and Consumer Affairs