Problem viewing? View online.
 
Fb
 
In
 
Tw
 
 
State Budget 2018 -19
 
 
 
 
 
What Treasurer Jackie Trad's first Budget means for you
 

CCIQ has welcomed a number of initiatives in the 2018-19 State Budget that will assist small businesses. Similarly, we must also bring to light our areas of concern.

Small businesses will undoubtedly benefit from the large infrastructure spend and continuation of successful programs such as ecoBiz, but face future pains as Queensland’s debt levels are set to soar to $83 billion in 2021.

Click here for CCIQ’s media response.

 

Credit where credit’s due, the State Government heeded some of CCIQ’s recommendations and implemented several policies to boost the small business economy. Some of these include:

  • $3.9 million over 3 years to the ecoBiz program to support small and medium businesses to become more eco-efficient and reduce the cost of utility bills.
  • An extension of the 50 per cent payroll tax rebate for apprentices and trainees to 30 June 2019.
  • $175 million over 3 years towards the Back to Work program, extended to 30 June 2020.
  • $600,000 towards the continuation of the Go Local campaign.
  • $40 million towards the Business Development Fund to help businesses turn ideas and innovations into reality.
  • $22.7 million over 3 years towards the Advancing Small Business Queensland Strategy 2016-20.
  • $206.2 million towards support programs through Advance Queensland to create the knowledge-based jobs of the future.
  • $80 million towards Skilling Queenslanders for Work to provide skills development.


The budget also contained a number of other strong policy measures, such as implementing Business Impact Statements for new regulation, to ensure the growth of the small business sector. The full Budget can be read here.

Over the next few days, we will be updating our blog and providing more commentary on how the 2018-19 impacts Queensland small business. To follow, head to our State Budget page or follow Kate Whittle, GM Advocacy on Twitter @kwhittle01

 
This email was sent to .
Members can login to change email preferences.
Members and non-members can click here to unsubscribe from all emails.