Small business is vital for Queensland’s economic growth. Under the Palaszczuk Government small business confidence is at its highest level in seven years.* The Government is committed to supporting small business and creating conditions that attract more business and investment leading to more jobs, especially in our regional communities.
Payroll tax rebate
The Government is continuing the successful initiative of raising the payroll tax rebate for apprentices and trainees from 25 per cent to 50 per cent. Employers who hire apprentices and trainees will receive a payroll tax rebate of 50 per cent on their wages in addition to their wages being exempt from payroll tax until 30 June 2018.
The rebate will be used as an offset against payroll tax payable on the wages of other employees, and will enable Queensland to continue developing a highly skilled workforce into the future.
Made in Queensland
The $20 million Made in Queensland initiative has seen over 450 manufacturing businesses registering to receive support to become more competitive and adopt innovative processes and technologies.
Of these, 192 have completed a benchmarking process, and two have received grant funding which reimburses them up to 50 per cent of the cost of implementing recommendations from the benchmarking.
Advancing Small Business Queensland Strategy 2016-2020
This small business strategy, launched in 2016, is continuing to create an environment for small businesses to flourish, including through being a strong advocate for small businesses, simplifying service delivery and connecting small businesses to opportunities.
ecoBiz supports Queensland businesses to drive costs down and reduce their carbon footprint. An additional $916,000 has been committed in 2017-18 for this program.
Strong business confidence
- Business confidence is the highest since December 2014.^
- General business conditions are the highest since December 2009.^
* Sensis Business Index survey: March 2017
^ Suncorp CCIQ Pulse survey March Quarter 2017