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Abbott makes commitment to small business

OPPOSITION Leader Tony Abbott says a Coalition government would aim to double the existing annual rate of small business growth.

Mr Abbott made the commitment during a speech to the Menzies Research Centre small business forum in Melbourne on Thursday.

He said there was "no reason why Australia should not be able to achieve an annual growth rate in the numbers of small businesses of around 1.5%".

This would mean adding about 30,000 new small businesses each year, he said.

Among the steps an Abbott government would take to reach the goal would be scrapping the carbon tax, cutting red tape by $1 billion each year, reducing "lawlessness in the workplace" by re-establishing the Australian Building and Construction Commission and extending unfair contract protections to small business.

He would also ease the paperwork burden by moving the administration of the national paid parental leave scheme from small businesses to the government's Family Assistance Office.

Topics:  business tony abbott


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