Media Releases

Western Sydney small business boosted by tax cuts

21 April 2017

A cut in the small business tax rate – to its lowest level in 50 years – is a great boost to small business, Defence Minister and Western Sydney-based Senator Marise Payne says. Visiting Kouzina Greco Greek restaurant in Parramatta today, Senator Payne and Small Business Minister Michael McCormack met with Alana and Peter Laliotitis […]

Circulating coin commemorates ANZAC legacy

21 April 2017

THE ICONIC Australian War Memorial’s mosaic from the Hall of Memory will soon circulate in coloured $2 coins unveiled by Defence Minister Marise Payne and Small Business Minister Michael McCormack today. “Australia’s ANZAC story and legacy commemorates the gallantry and sacrifice of the tens of thousands of Australians who fought and died in the First […]

Kids’ nightwear safety boosted by new product standard

20 April 2017

CHILDREN’S nightwear has a new safety standard, with highly-flammable garments excluded from sale and better labelling for fire warning, Small Business Minister Michael McCormack says. Mr McCormack has today accepted advice from the Australian Competition and Consumer Commission (ACCC) that the children’s nightwear safety standard should be updated. “The most important role I have as […]

Shop local to create Cowper jobs

19 April 2017

THE lowest company tax rate in half a century is on its way for small businesses in the Cowper electorate, local MP Luke Hartsuyker says. Touring local small businesses with Federal Small Business Minister Michael McCormack today, Mr Hartsuyker said the recently-passed tax cut plan will help local small businesses to expand and hire more […]

Final report for the Review of Australian Consumer Law

19 April 2017

The final report for the Review of Australian Consumer Law, conducted by Consumer Affairs Australia and New Zealand (CCANZ), has today been welcomed by Federal Small Business Minister Michael McCormack, who is responsible for consumer affairs. “This is the first broad review of Australia’s national consumer law since it commenced on 1 January 2011. Commissioned on 31 March 2016, […]

Giving Wauchope, Mid North Coast small business a big future

18 April 2017

TAX cuts and simpler paperwork are on the way for Wauchope and Mid North Coast small businesses, Lyne MP and Assistant Health Minister David Gillespie says. On the Mid North Coast with Small Business Minister Michael McCormack as part of a nationwide small business roadshow, the Ministers heard how tax cuts, redefining small business and […]

Boon for Bowman’s small businesses

13 April 2017

FEDERAL Member for Bowman Andrew Laming hosted Minister for Small Business Michael McCormack in Cleveland today holding a roundtable with local small businesspeople and community leaders. “I am pleased the Minister accepted my invitation to visit Bowman and to meet local businesspeople to discuss how the Government’s small business plan will help them grow and […]

Productivity Commission report: Consumer Law Enforcement and Administration

12 April 2017

Minister for Small Business Michael McCormack, in his capacity as Minister Responsible for Consumer Affairs, has today welcomed the Productivity Commission’s report into Consumer Law Enforcement and Administration.  “The Productivity Commission’s report, released today, details its study findings into the administration arrangements behind the Australian Consumer Law,” Mr McCormack said.   “The study examined the complementary […]

North Brisbane and Moreton Bay small businesses set to grow

12 April 2017

PETRIE MP Luke Howarth and Small Business Minister Michael McCormack met with small businesses in Brisbane’s northern suburbs and Moreton Bay area to discuss the Government’s plan to help local small businesses grow and create local jobs. “It’s great to have the Minister here today to visit local small businesses, and to hear directly how […]

Small Business Ombudsman report: payment times and practices

12 April 2017

SMALL Business Minister Michael McCormack has today welcomed the Australian Small Business and Family Enterprise Ombudsman’s report following its inquiry into payment times and practices for small business. “The Government established the Australian Small Business and Family Enterprise Ombudsman to give an independent voice to the challenges and issues faced by Australia’s 3.1 million small […]

Backing Bonner’s small businesses

11 April 2017

FEDERAL Member for Bonner Ross Vasta was joined today by Small Business Minister Michael McCormack to discuss how the Government’s small business plan was helping local small businesses to grow and create local jobs. “It’s great to have the Minister here today to visit local small businesses in my electorate of Bonner,” Mr Vasta said. […]

Maranoa small business tax cuts in sight

10 April 2017

A CUT in the company tax rate – to its lowest level in half a century – will enable Maranoa and western Queensland small businesses to expand, hire more people and pursue their dreams, Federal Small Business Minister Michael McCormack said. In Roma, Dalby, Warwick and Stanthorpe for small business forums and meetings with small […]

Tax cuts central in Corangamite small business roadshow

6 April 2017

Lower taxes and simpler paperwork for small business was central as a nationwide small business roadshow stopped in Corangamite today, Federal Small Business Minister Michael McCormack says. Visiting small businesses in Belmont this morning, Corangamite MP Sarah Henderson said the tax cuts are a welcomed boost for the local economy. “I was delighted to welcome […]

Stay safe when using ‘occy straps’

4 April 2017

A new safety standard for elastic luggage straps (commonly known as ‘octopus straps’ or ‘occy straps’) comes into effect today, Small Business Minister Michael McCormack says. As the Minister responsible for consumer affairs and product safety, Mr McCormack said the standard requires a warning label which clearly warns of dangers when removing the hooks. “Occy […]

Wodonga, Benalla benefit from small biz roadshow

4 April 2017

Coming off the back of delivering the lowest company tax rate for small business in 50 years, a nationwide small business roadshow took stock of the terrific opportunity in northern Victoria today, Small Business Minister Michael McCormack said. “Senator Bridget McKenzie and I are proud to be in the Government for small business. We are […]

Small business tax relief on the way

3 April 2017

THE whole country is set to gain from more than 3 million small businesses having a lower tax rate, allowing them to invest more, grow more and employ more, Small Business Minister Michael McCormack says. “We know lower taxes means small businesses can grow, pursue new ideas and create more jobs,” Mr McCormack said. “We […]

Small business overwhelmingly paid on-time by Government

3 April 2017

THE Australian Government continues to lead the way in on-time payments to business, Small Business Minister Michael McCormack says. Releasing the Government’s Pay On-Time Survey today, Mr McCormack said the survey measures agency performance against a 90 per cent benchmark, in terms of the number of invoices under $1 million paid within 30 days.

Competition changes: Levelling the playing field for small business

31 March 2017

A LANDMARK review of Australian competition policy, introduced into Federal Parliament this week, backs small businesses to grow, innovate and create more jobs, Small Business Minister Michael McCormack says. Mr McCormack said the Competition and Consumer Amendment (Competition Policy Review) Bill 2017, implements a number of recommendations from the Harper Review to back small business. […]

New Horticulture Code of Conduct to take effect on 1 April

31 March 2017

Australian horticulture growers will be able to secure fairer returns on their produce thanks to the Coalition Government's new and improved Horticulture Code of Conduct, which will provide a stronger framework to support dispute resolution between growers and traders. Deputy Prime Minister and Minister for Agriculture and Water Resources, Barnaby Joyce, Minister for Small Business, […]

Commemorating Comm Games with currency

30 March 2017

Borobi, the official mascot of the Gold Coast 2018 Commonwealth Games (GC2018), has not only found a spot in many Australian hearts, he has also now taken over one of our currency – the $1 coin – revealed today at the Royal Australian Mint in Canberra. Sports Minister Greg Hunt, Tourism Minister Steven Ciobo and […]

A boost for Berwick small businesses in sight

16 March 2017

An Australia-wide small business roadshow headed by Small Business Minister Michael McCormack was in Berwick today, as local MP Jason Wood and the Minister toured businesses on High Street. “Small business around Australia is our economy’s job-creator, from large centres to suburban communities and throughout rural and regional Australia,” Mr McCormack said. “They are the […]

Interim ban imposed on unsafe ethanol burners

16 March 2017

SMALL Business Minister Michael McCormack has today imposed an interim ban to prevent the supply of certain types of decorative alcohol fuelled devices, also known as ethanol burners. Mr McCormack imposed this interim ban following advice from the Australian Competition and Consumer Commission (ACCC) that some ethanol burners create a risk of serious injury. Today’s […]

Independent review of the Australian Small Business and Family Enterprise Ombudsman

15 March 2017

A year on from the creation of the office of the Australian Small Business and Family Enterprise Ombudsman (ASBFEO) by the Turnbull-Joyce Government, Small Business Minister Michael McCormack today announced its first independent review. "The review will look at how effectively and efficiently the Ombudsman has undertaken the role of providing assistance and advocacy for […]

Boosting small business in Bathurst and Oberon

14 March 2017

THE nationwide small business roadshow, headed by Small Business Minister Michael McCormack, headed to Bathurst and Oberon today, as the Central West played host to two roundtables with the Australian Competition and Consumer Commission (ACCC), Australian Taxation Office (ATO) and the Australian Small Business and Family Enterprise Ombudsman (ASBFEO). “The Central West region, which includes […]

Keeping kids’ soccer goals safe

10 March 2017

MOVEABLE soccer goals, which are subject to a safety standard due to the risk of toppling over, have been reviewed by the Australian Competition and Consumer Commission (ACCC). Small Business Minister Michael McCormack, who is responsible for consumer affairs, has today accepted the ACCC’s advice the current safety standard should continue.

Backing small business on the Northern Beaches

8 March 2017

TAX cuts, simpler paperwork and giving more businesses access to the $20,000 instant asset write-off programme were a central focus of a small business roadshow headed by Small Business Minister Michael McCormack and local MP Jason Falinski in Collaroy today. Joined by senior leaders from the Australian Competition and Consumer Commission (ACCC), the Australian Taxation […]

Mint motors ahead with Brabham montage

8 March 2017

AUSTRALIAN motor racing legend Sir Arthur "Jack" Brabham AO OBE has been honoured by the Royal Australian Mint with the Formula One racing champion depicted on a new 50 cent piece unveiled this week. Small Business Minister Michael McCormack, who is responsible for the Royal Australian Mint, said the new coin honours Sir Jack's lifetime […]

Gympie, Sunshine Coast shine in regional small biz roadshow

7 March 2017

THE nationwide small business roadshow headed by Small Business Minister Michael McCormack with leaders from the Australian Small Business and Family Enterprise Ombudsman (ASBFEO), Australian Competition and Consumer Commission (ACCC) and the Australian Tax Office (ATO) has moved to Queensland’s Gympie and Sunshine Coast regions today. Mr McCormack said each roadshow visit focuses on different […]

Small Biz Roadshow heads to Brisbane

6 March 2017

THE 2017 Small Business Roadshow led by Federal Small Business Minister Michael McCormack lands in Brisbane today, with leaders from the Australian Competition and Consumer Commission (ACCC), Australian Small Business and Family Enterprise Ombudsman (ASBFEO) and Australian Taxation Office (ATO) attending a forum hosted in the CBD by Brisbane MP Trevor Evans. Mr Michael McCormack, […]

It all starts with a spark and a dream

3 March 2017

YOUNG entrepreneurs wanting to start their own small business have been given another boost this week, as the Coalition Government delivered even greater support to encourage jobseekers with a business idea to have a go, Small Business Minister Michael McCormack says. The Government has this week expanded the New Enterprise Incentive Scheme (NEIS) to add […]

Research reveals regional start-up success

2 March 2017

NEW research released by Universities Australia today has revealed what country people know to be true – that Australia’s regions are central in starting new small businesses and creating new jobs, Small Business Minister and Nationals’ MP Michael McCormack says. “Australians know better mobile and Internet connectivity in country towns and communities is opening great […]

Growing regional jobs in small business through decentralisation

2 March 2017

Every new job and every new family in rural and regional Australia brings opportunity for a local small business to start or succeed, Small Business Minister Michael McCormack says. Launching the www.getoutofthecity.com.au website alongside Deputy Prime Minister Barnaby Joyce and The Nationals, Mr McCormack said investment in regional communities driven by decentralisation of Government agencies […]

‘Have a go’: Help for budding Aussie entrepreneurs

28 February 2017

New products are now available to help young Australians who are starting a business for the first time, Small Business Minister Michael McCormack says. Coming on the back of a marked increase in young Australians going into business, particularly in industries such as construction, transport, information technology and telecommunications, the Australian Taxation Office (ATO) has […]

Rivwest expansion a new opening for western NSW

24 February 2017

AN expansion of Rivwest Finance Limited’s office on Talbragar Street in Dubbo is a new opening for small business in western New South Wales, Small Business Minister Michael McCormack says. Joining local Nationals’ MP Mark Coulton, Mr McCormack opened the new office building and celebrated the firm’s 21st birthday with employees and clients today. “Rivwest […]

Confidence key as western NSW powers ahead

23 February 2017

The confidence of country communities and encouragement to think local and shop local were front and centre as Small Business Minister Michael McCormack and Parkes MP Mark Coulton toured Dubbo small businesses this afternoon. In western NSW as part of his nationwide small business roadshow, Mr McCormack praised the city’s upbeat attitude and said it […]

Small Business Roadshow kicks off in Adelaide

20 February 2017

Tax cuts, reductions in red tape and levelling the playing field for small business through fairer competition policy is front and centre in a nationwide roadshow starting today, Small Business Minister Michael McCormack says. Starting in suburban Adelaide, the roadshow will meet directly with small businesses over shop counters, farm gates and kitchen tables in […]

Levelling the playing field for Aussie small businesses online

17 February 2017

SENSIBLE changes to Goods and Services Tax (GST) collection online were introduced to the Parliament this week as the Turnbull-Joyce Government delivered another 2016-17 Budget measure to boost small business, Small Business Minister Michael McCormack says. "The Government understands that small business is the job creator in our economy," Mr McCormack said. "In successful Budgets […]

Indigenous business success central in Closing The Gap

14 February 2017

INDIGENOUS Procurement Policy (IPP) has delivered on the Government's targets for Indigenous business procurement and is set to be supercharged, Small Business Minister Michael McCormack says. "The target of 3 per cent Indigenous procurement by 2020 has been a focus of this Government since the IPP was introduced in the 2015-16 financial year," Mr McCormack […]

Horticulture code strikes right balance

14 February 2017

THE Government response to the Horticulture Code of Conduct strikes the right balance and will ensure a range of improvements within Australia’s horticulture sector to support constructive and fair business between growers and traders, Small Business Minister Michael McCormack says. Mr McCormack, who has responsibility for consumer affairs and mandatory codes, said the Horticulture Code […]

Consumers king as Country of Origin laws pass Parliament

9 February 2017

A KEY commitment to introduce sweeping changes to Australia’s Country of Origin labelling system was delivered last night, as the Turnbull-Joyce Government kept its commitment to Australian consumers, Small Business Minister Michael McCormack says. Legislation passed by the Senate last night will clarify when to use “made-in” and “packed-in” claims. “These changes are sweeping and […]

Registered Tick of approval for Flying Doctor

7 February 2017

AUSTRALIA’S Royal Flying Doctor Service has today been recognised with an Australian Charities and Not-for-Profit Commission (ACNC) Registered Tick, presented by Small Business Minister Michael McCormack in Canberra. “From the far reaches of Australia’s outback to our towns and centres where urgent medical care is needed, the Flying Doctor is an essential service and is […]

Small business cyber security in sight on Safer Internet Day

7 February 2017

THE Federal Government has urged the millions of Australian small businesses to be proactive about their cyber security and to take advantage of the free resources available. To coincide with Safer Internet Day, Minister Assisting the Prime Minister for Cyber Security Dan Tehan and Minister for Small Business Michael McCormack have written to Australian business […]

Darling Downs delivers first of nationwide dairy probe

6 February 2017

Dairy producers in Queensland’s Darling Downs will be in focus today, as the first hearing of the Australian Competition and Consumer Commission’s (ACCC) Inquiry into the dairy industry gets underway. Small Business Minister Michael McCormack, whose portfolio includes responsibility for consumer affairs, praised the inquiry and encouraged producers to have their say. “The Government recognised […]

Carnell report into banking practices released

3 February 2017

The Turnbull Government today released the report of the Australian Small Business and Family Enterprise Ombudsman, Kate Carnell AO, into the small business lending practices of the major banks and other lenders. The Minister for Revenue and Financial Services, the Hon Kelly O’Dwyer MP, and the Minister for Small Business, the Hon Michael McCormack MP, […]

Small business central in Coalition jobs plan

1 February 2017

THE Coalition Government’s central focus on jobs has a starring role for small business, Small Business Minister Michael McCormack says. “Opportunity and security for Australians is the Coalition Government’s foremost focus – and we want small business central in delivering higher wages and more jobs around the country,” Mr McCormack said. “Australia’s 2.1 million small […]

‘Why I want to see small business win more Government contracts’, Op‑ed published on SmartCompany

31 January 2017

AS Australian Government tenders are advertised, small business should be in the driver’s seat for delivery, writes Small Business Minister Michael McCormack. FROM modernising our largest Defence bases to the upkeep of Government offices and agencies across the country, there is enormous potential in Government procurement for Australian small businesses. And with 2015-16 financial year […]

New ATO record-keeping tool for sole traders

30 January 2017

SOLE traders can get a head start on tax this year with new record-keeping functionality enhancements to myDeductions in the free Australian Taxation Office app, Small Business Minister Michael McCormack says. “Simplifying tax matters and accessibility for small business is something on which I want to focus as Small Business Minister. Having run my own […]

‘Backing local businesses’, Op‑ed published in the Daily Telegraph

27 January 2017

Four times as many small businesses are confident about their future compared with those which are worried. Surging to a net balance of +46, data recently released by Sensis shows the remarkable effort Australians have helped instil in our 2.1 million small businesses. It backs up what I have heard first-hand. And it proves Aussies […]

Small business stars in Government procurement stats

25 January 2017

ALMOST a third of total Australian Government contracts were won by Australian small businesses in the 2015/16 financial year, AusTender data has confirmed. Valued at $5.5 billion, Small Business Minister Michael McCormack said the reporting period demonstrates the Coalition’s commitment to encouraging Australian small businesses to apply for Australian Government contracts. “Government procurement is a […]

Confidence surges in small business

18 January 2017

Confidence among Australia’s small and medium enterprises has lifted eight points – to a net balance of plus 46 – in the latest Sensis Business Index (December 2016), confirming the bright future for business, Small Business Minister Michael McCormack says. “Today’s report shows small business confidence has surged and is now sitting at a six-year […]

Shining a spotlight on small business payment terms

10 January 2017

SMALL business payment terms, times and practices are in the spotlight thanks to an inquiry of the Australian Small Business and Family Enterprise Ombudsman, Small Business Minister Michael McCormack says. “In the six months I have been Australia’s Small Business Minister, I have travelled the country listening to the concerns, ideas and feedback from as […]