The opposition is moving to enshrine the use of cash as a payment option through legislative means, aligning with their pro-small business agenda.
During a speech at the National Press Club following the budget release, Shadow Treasurer Tim Wilson accused the federal government of targeting entrepreneurs and small enterprises with unfriendly policies.
Wilson emphasized the necessity for updated economic frameworks suitable for the modern era, revealing that the Coalition plans to engage in consultations on at least four significant initiatives as part of the Small Business Act.
Beyond safeguarding cash transactions, Wilson is advocating for a unified legal definition of small businesses, the introduction of mandatory small business impact assessments for new legislation, a structured feedback channel, and enhanced minimum procurement standards.
“We have proposed a comprehensive framework,” Wilson stated.
“We want the nation’s entrepreneurs to guide us on the specifics and suggest additional elements to include.”
The Coalition will hold consultations with small businesses around the country for the remainder of the year.
“Australians already know the budget is a dud,” Wilson said as he concluded his speech.
“We need a new dawn.
A dawn that restores living standards, and protects our way of life.”
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