Labor is for Australian Business

Labor understands that a increasing international competition is putting pressure on Australian jobs.

We have a plan to work with Australian industry to increase exports, help Australian businesses to grow and put Australian jobs first.

Without world-class broadband, Australia will fall behind the rest of the world and our economy will suffer; our businesses won’t have the tools they need to match their competitors around the world.

In the 21st century, broadband is basic infrastructure – Australian businesses need it. It’s become an essential utility, just like electricity or water.

That's why Labor will complete the National Broadband Network: high-speed, reliable, affordable broadband to every home and business in Australia.

The benefits of Labor’s NBN for business are clear: lower phone and internet bills, unprecedented opportunities to expand and reach new markets, the ability to use video conferencing, reach customers no matter where they are, digitise supply chains, and offer new, more convenient products and services. 

The reliability and affordability of Labor’s NBN would  dramatically improve access to technology like cloud computing, that will allow businesses, particularly SMEs, to reduce costs and increase productivity. 

Unfortunately Labor’s  NBN is now effectively dead. The Liberal Party is not building a National Broadband Network. They are building a series of different networks and it’s a lucky dip as to what you will get.

Australia needs a real broadband network not Malcolm Turnbull’s second rate NBN.

Tourism is Australia’s largest services export, employing nearly one million Australians and generating $105 billion for the economy every year. Labor recognises the potential of tourism to be a key driver of jobs and prosperity over coming decades.

But the Liberal Government has excluded tourism businesses from its business advice scheme, axed key research used by business and investors and ended Commonwealth funding for domestic tourism marketing, which generates 70% of all tourism spending.

The Liberal Government doesn't even have a Minister for Tourism – leaving Australia without one for the first time in more than 40 years.  

Australia’s tourism sector deserves better. Labor will help Australia’s 280,000 tourism businesses become more competitive by cutting red tape, investing in skills, infrastructure and research, and working with industry to seize the opportunities of fast-growing markets in our region.

Small businesses make a huge contribution to national prosperity and supporting Australian jobs.

Labor is committed to building an environment in which small business not only survives, but thrives.

We worked hard to keep interest rates low to make it easier for businesses to expand and prosper.

Labor established and funded Enterprise Connect centres around Australia to connect small and medium-sized enterprises with the experts, knowledge and the new technologies they need to transform their businesses and reach their full potential.

Labor understands that innovation is a key driver of small business growth. We funded the establishment of up to 10 new innovation precincts to help small businesses better access the entrepenures and training required for growth and new enterprise.  

The Liberal Government has abolished these innovation precincts and the Enterprise Connect program which closed on 31 December 2014.

We also showed our commitment to helping Australia’s small businesses to prosper by introducing over $5 billion in direct tax assistance.

This meant they could instantly write off the value of assets costing less than $6,500 and allowed companies to carry back tax losses of up to $1 million to get a refund against tax paid in the previous year. This assistance is so important to small businesses because it provides cash flow in the early years when new businesses are most vulnerable, but it’s been scrapped by the Liberal Government and is estimated to affect up to 110,000 businesses.

In addition, Labor knows that Australia’s $130 billion franchise industry is a hugely important small business sector with more than 73 000 franchisees and 1180 franchisors. 

Just prior to the 2013 federal election Labor commissioned Mr Alan Wein to review  the Franchising Code of Conduct to provide advice to the Government on improvements to the Code. Labor had accepted a majority of the recommendations and commenced a process to implement these vital reforms. 

We supported changes to the Code that enshrined the principles of good faith, restored balance between franchisor and franchisee, improved transparency and penalized people for breaching the code.

Fourteen months after being elected, the Liberal Government finally implemented a new Franchising Code of Conduct. The Government’s changes came into effect on 1st January 2015 and largely echo changes Labor announced in 2013.

Labor understands the value of franchises in the economy particularly to the small business sector. Australia’s franchisors and franchisees need certainty and Labor will work constructively with the Government to ensure the $144 billion franchise sector continues to grow and prosper.

Australian businesses are vital to building a strong and healthy economy.

We stand for helping our small businesses succeed in a competitive global economy.

 

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