Tax relief for small business
Labor recognises the important contribution small businesses make to national prosperity and supporting jobs, which is why the Government is delivering tax relief to small businesses, such as:
- Head start on company tax cuts: small businesses are already recieving the first round of company tax cuts one year ahead of larger companies, paying 29 per cent from 1 July 2010
- Instant write-off of assets: from 1 July 2012 small businesses will be able to instantly write off the full value of assets costing up to $6,500 in the year of purchase, and the first $5,000 of any motor vehicle, as part of the package of small business tax breaks that come with the Minerals Resources Rent Tax
► Take a look at Labor's full small business policy by clicking here.
Income for local firms
Territory businesses have benefited substatially from the investments of the Labor Government in Lingiari, including:
- $672 million to build 750 houses in the Territory under the Strategic Indigenous Housing Investment Program (SIHIP)
- $150 million for infrastructure and other upgrades under the Alice Springs Transformation Program
- The $212 million Nation Building Economic Stimulus Plan, which has generated $1 billion for building programs to stimulate the Territory economy while keeping Australia out of recession
- The recently announced Federal Labor proposal to release 349 hectares of land for residential development in Alice Springs
This investment by the Government has meant tradesmen in Lingiari have been kept busy with our booming building industry. Accommodation and vehicle providers, administrative services and the retail industry have all felt the positive flow on effects.
Employment opportunities for those looking for work have never been better, while trades training and apprenticeships offer a wide choice of careers for young people in the Territory.
A hardware store in Alice Springs recently said that their turnover has nearly doubled and they've had to employ extra staff to handle the business generated by the Government's housing and infrastructure programs in Central Australia.
The Gillard Labor Government's National Broadbank Network will make it easier to do business online and communicate over the internet thanks to the super-fast speeds that will be available to local businesses.
The following Territory towns will be connected to the new optical fibre network, offering internet speeds up to one hundred times faster than before:
- Alice Springs
- Howard Springs
- Humpty Doo
- McMinn's Lagoon
- Virginia-Bees Creek
- Robertson Barracks
- Tennant Creek
Other areas across the Territory won't miss out and will have access to next generation wireless and satellite services with speeds of up to 12 megabits per second. This would provide average data rates more than twenty times higher than most users experience today.
Lowering the cost of training
Trades training can be costly for both an apprentice and their employer, and that's why the Labor Government is committed to lowering the cost of training.
Small and medium businesses that took on an apprentice between May 12 and November 12 2010 benefit from the extension of the Apprentice Kickstart Program, which provides a $3,350 in bonus payments in addition to the $1,500 commencement incentive per school leaver taken on.