Treasurer Pitt needs to support Queensland small businesses

4 May 2016 12:00 AMJohn-Paul Langbroek

Treasurer Curtis Pitt must outline his support for the tax measures outlined in the Turnbull Government’s budget aimed at Queensland’s 400,000 small businesses.


Shadow Treasurer John-Paul Langbroek said businesses with a turnover of less than $10 million will benefit from a 27.5 per cent company tax rate from July.  Unincorporated businesses will also be given tax relief.


“This is fantastic news for Queensland’s small businesses, considering they are the true drivers of job creation here in Queensland,” Mr Langbroek said.


“This move will benefit the vast majority of businesses in Queensland, and this in turn will benefit the millions of Queensland workers these businesses employ.


“Treasurer Curtis Pitt should step up for the small business community and outline his support for this crucial measure to his Federal counterpart Chris Bowen, who has indicated he intends to take this comprehensive tax package off the table.”


Mr Langbroek said the Federal Budget showed the benefits of having a government with an over-arching plan for securing economic growth and creating jobs.


“It’s no fluke that Australia’s unemployment rate is forecast to remain at a far lower rate than Queensland over the coming years - it’s because the Turnbull Government has a plan for getting even more Australians into work,” he said.


“The $840 million Youth Jobs PaTH program aimed at helping 120,000 young people secure employment is particularly important here in Queensland, considering parts of regional Queensland have youth unemployment rates as high as 30 per cent.


“It’s clear leading into a Federal election campaign the Turnbull Government has a positive plan for taking Queensland forward.


“This is in stark contrast to the Palaszczuk Labor Government, that is still searching for an economic plan almost a year and a half after the 2015 state election.”


Key Facts:

  • Where national unemployment is forecast to drop to 5.5 per cent in 2016-17, in Queensland it is forecast at 6.5 per cent.

  • Many Queensland regions are struggling with youth unemployment, with youth unemployment at 22.3 per cent in Cairns and 31.3 per cent in Queensland Outback.

  • Total Commonwealth payments to Queensland to increase by $4.8 billion out to 2019-20.

Latest Updates

30 Sep 2020 1:35 PMGold Coast MP John-Paul Langbroek claims ‘pork barrelling’ over sports rort accusationsAn independent report has revealed Gold Coast sports clubs received less than a quarter the taxpayer funded grants of Brisbane and Logan as a city MP accuses Labor of “pork barrelling”.More...John-Paul LangbroekJohn-Paul Langbroek MP
24 Sep 2020 1:10 PMDeb’s plan to put more police on Gold Coast streetsThe LNP’s commitment to make communities safer, boost police resources and crackdown on youth offending has ramped up on the Gold Coast today, with a major announcement in the lead up to the October 31 state election.

Ms Frecklington unveiled her plans alongside LNP Member for Coomera Michael Crandon and LNP Member for Theodore Mark Boothman, to strengthen police numbers across the Gold Coast.
More...John-Paul LangbroekJohn-Paul Langbroek MP
24 May 2020 1:00 PMRacing community delivers vote of no confidence in Labor and QRICFrustrations have boiled over among racing participants, with the LNP slamming the Palaszczuk Labor Government and Queensland Racing Integrity Commission for failing to deliver integrity and confidence in the industry.More...John-Paul LangbroekJohn-Paul Langbroek MP