Plan for Small Business


A Shorten Labor Government will boost our vibrant small business community and diversify Australia’s economy, while still investing in our world class education system and strengthening quality health care across the country.

Labor knows there are many challenges facing established and emerging small businesses in this country, and we are committed to enabling and encouraging their success.

Labor cares about Australian small businesses, and believes they deserve better if they are to compete, thrive, and employ in the modern economy. Labor will deliver the same tax relief for small business as the Liberals, but we’ll do it without cutting funding to schools or hospitals or increasing national debt. And we’ll also deliver a new Australian Investment Guarantee that all Australian businesses can access when they invest.

Labor will:

  • Support the corporate tax rate for small businesses reducing to 25 per cent by 2021-22.
  • Support increasing the instant asset write-off threshold from $25,000 to $30,000.
  • Provide an Australian Investment Guarantee for all businesses that will allow all businesses to immediately deduct 20 per cent of any new eligible asset worth more than $20,000.
  • Ensure small businesses are supported to defend themselves against anti-competitive conduct by improving access to justice – Labor worked hard to legislate this from Opposition.
  • Legislate to establish a new position of Second Commissioner (Appeals) within the Tax Office to ensure small business disputes are given the care and attention they deserve.
  • Protect small businesses by making unfair contract terms illegal and punishable with multimillion dollar fines.
  • Implement a Tradie Pay Guarantee, a Tradie Litigation Fund, and a series of reforms to detect, deter, and punish fraudulent phoenix operators hurting honest small businesses and employees.

We will pay for these commitments by making multinationals pay their fair share and closing tax loopholes used by the top end of town.

You can read more about Labor’s offering for small business here