A re-elected Liberal and Nationals Government will provide small businesses with up to $1,000 over two years to help cover the cost of government licenses, fees and charges.
Premier Dominic Perrottet said this is yet another measure from the Liberal and Nationals to put downward pressure on the cost of doing business in NSW.
“Small businesses are at the backbone of our economy and at the heart of local communities, as well as being one of the largest employers in the state,” Mr Perrottet said.
“We’ve already made it easier for small businesses by slashing payroll tax nine times since 2011 by increasing the payroll tax threshold by over $500,000 to $1.2 million, meaning thousands of small businesses no longer need to pay payroll tax.
“Now we’re putting an extra $1,000 back in the pockets of tens of thousands of small businesses over the next two years to cover the cost of a range of fees, like liquor licences, event fees and tradesperson licences.
“Only the Liberals and Nationals can be trusted to back small businesses because of our long-term economic plan to keep our state moving forward.”
Under the $40 million program, small businesses can apply for rebates of up to $500 per year over the next two years to cover a range of government fees and charges.
Deputy Premier and Minister for Regional NSW Paul Toole said the rebate would take pressure off thousands of regional businesses.
“Small businesses fuel our regional economies so when we top up their tank, we help drive local economies,” Mr Toole said.
“The steps we’re taking to cut red tape and help them save on costs means more money in their pocket and more money they can invest in growing their business for the future.”
Minister for Small Business Victor Dominello said the $500 annual boost complements the State Government’s new Small Business Strategy, which follows extensive community and industry consultation.
“Through our strategy, we are providing practical steps on how we will reduce red tape and work alongside small businesses to help them grow and expand their business,” Mr Dominello said.
“Small businesses often do the heavy lifting for our economy and we have a plan that demonstrates our commitment to standing shoulder to shoulder with them through thick and thin.”
“Our track record speaks for itself: over $5 billion in payroll tax cuts, over $23 billion in support to business and the economy during the pandemic, and circa 50,000 small businesses supported with new skills and capabilities through our Business Connect program.”
The Liberal and Nationals Government has a plan for NSW to continue to be the powerhouse of small business in this country.
Within the next seven years, NSW will be the home of 1 million small businesses, an increase of 20 per cent from today and 50 per cent since 2013.
The Government’s new NSW Small Business Strategy 2023-26 includes:
A new Start + Scale My Business program providing $1,000 for up to 10,000 small and micro businesses for professional advice to help them grow and expand their business
A commitment to increase NSW Government expenditure through procurement with small business by $1 billion by 2027
Reducing red tape through a NSW Red Tape Commissioner to deliver $1 billion red tape reduction and requiring any new regulation to result in an old regulation being cut
Enable small businesses to pre-qualify as suppliers to the NSW Government through a single form by mid-2023
Increase the threshold for direct procurement with small businesses (only requiring one quote) from $150,000 to $250,000 by mid-2023
Offer simple contracts for all whole of Government prequalification schemes by the end of 2023, and roll out new simple contracts for key goods and service programs by the end of 2024
Launch the Act Global small business program by the end of 2023 to help small businesses sell goods and services to customers overseas
Target year-on-year increases in small business participation in mental health programs and resources developed specifically for small business owners.
To view the NSW Small Business Strategy 2023-26, visit nsw.gov.au/small-business-strategy
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