State Budget cements Queensland as the best place for small business to grow and employ


The Palaszczuk Government has outlined its continued commitment to support Queensland’s more than 438,000 small businesses to grow and create more jobs in the 2019–20 State Budget with the release of our second Small Business Budget Paper.

Minister for Employment and Small Business Shannon Fentiman said the State Government was committed to ensuring small businesses have the support they need to succeed.

“Small businesses are the engine room of our thriving economy, contributing around $113 billion each year,” Ms Fentiman said.

“We are continuing to create the right conditions for small businesses to invest, grow and employ with almost $900 million of targeted payroll tax initiatives over the next four years delivered in this year’s budget.”

This includes:

  • Lifting the payroll tax threshold from $1.1 million to $1.3 million of annual wages
  • Introducing a new regional discount rate for businesses who have more than 85% of their employees outside SEQ
  • Introducing a new rebate for employment growth providing a payroll tax rebate of up to $20,000 for businesses that can demonstrate they have increased their number of full time employees
  • Continuing the 50% Payroll tax — Apprentice and Trainee rebate to 30 June 2021

“We are not just making it cheaper to run a business in Queensland, we are also working hand in hand with the sector to build capacity and create jobs through a range of grants and support programs focussed on small business” Ms Fentiman said.

“$4 million in additional grant funding is allocated to the successful Advancing Small Business Queensland Strategy to help new businesses start, support existing businesses to work smarter and be more resilient, and assist businesses with high growth aspirations to grow and employ.”

“Since the Advancing Small Business Queensland Strategy commenced in 2016, more than $12.5 million has been allocated to over 2,100 small businesses through our successful small business grants program.

“These grants will continue to support our small businesses and will be bolstered by the ongoing delivery of our Mentoring for Growth program which now has a network of over 500 volunteer business experts on hand to provide insights and strategies to small business owners to overcome challenges and improve their business.”

This year’s State Budget also puts a focus on reducing red tape.

“Over the next 12 months, we will implement our Queensland Small Business Procurement Commitment to make it easier for more small businesses to do business with government and deliver the On-time Payment Policy to improve invoice payment times from 30 days to 20 days” she said.

“We will support delivery of the Small Business Regulatory Reform initiative which supports the creation of an online resource to connect small businesses with information about training opportunities and simplify the process to hire an apprentice or trainee.

“Work will also continue to enhance online services through the Business Queensland website by working with Queensland Government agencies and the Australian Government to improve the quality and accessibility of information and services for businesses.”

“Through the work of the Queensland Small Business Champion who chairs the Queensland Small Business Advisory Committee and the Better Regulation Taskforce, we have heard loud and clear from small businesses that we need to reduce red tape and simplify transactions between all levels of government.”

“We are also continuing the $5.7 million ecoBiz program in partnership with CCIQ to help businesses cut their energy, water and waste bill through eco-efficiency actions.

“We will continue this work to empower Queensland’s small business owners to succeed while building resilience and to provide the best possible conditions for them to grow their business and provide employment opportunities in their local communities.”

Minister for Employment and Small Business and Minister for Training and Skills Development
The Honourable Shannon Fentiman

Business Business & Economy Money & Finance Political Queensland Government Small Business

Shannon Fentiman MP : Minister for Employment and Small Business and Minister for Training and Skills Development :
1 William Street, Brisbane Qld 4000, Queensland Wide
07 3719 7500
Shannon Fentiman MP  :  Minister for Employment and Small Business and Minister for Training and Skills Development
Showing 10+ recent articles for this business
Giving businesses a technology boost 12 November 2019 | Applications are open for the latest round of small business digital grants to help Queensland businesses work smarter. More information...
Back to Work backs Wide Bay business and jobs 05 November 2019 | A popular Maryborough café is not only serving up great meals to hungry customers, it’s also thriving thanks to the Palaszczuk Government’s job generating Back to Work program. More information...
Regional voices lead jobs and training on the Fraser Coast 28 October 2019 | New Regional Jobs Committees are being set up across the state to help grow local industries and develop the skilled workforces we need now and into the future. More information...
Getting small business back on track across Queensland 21 October 2019 | Small businesses hit by monsoonal flooding in northern Queensland earlier this year will get free mentoring and advice with face-to-face access to business advisors, support networks and government agencies. More information...
Audit outcome reaffirms the quality of TAFE Queensland 11 October 2019 | TAFE Queensland has been given the tick of approval by the Australian Skills Quality Authority (ASQA) this month. More information...
More nurses needed for the jobs of the future 03 October 2019 | Nursing is in high demand as the need for more skilled nurses continues to grow. More information...
Helping hand for Queensland social entrepreneurs 02 October 2019 | Applications are open for the first round of social enterprise grants that will help the sector to grow and create more jobs for Queenslanders. More information...
Government delivers jobs in 2018-19 30 September 2019 | Almost 8,700 Queenslanders secured a job last financial year thanks to just two Palaszczuk Government programs. More information...
Plan to do business easier in Queensland 24 September 2019 | The Palaszczuk Government is reducing red tape and costs to make it easier for Queensland’s small businesses to do business. More information...
Top training awards celebrate State's best 16 September 2019 | Queensland’s best apprentices, trainees, students, employers and training and community organisations have been recognised at the 58th Queensland Training Awards. More information...

comments powered by Disqus

All articles submitted by third parties or written by My Sunshine Coast come under our Disclaimer / Terms of Service