MTA Queensland supports PM's reforms to create jobs
Yesterday, Prime Minister Malcolm Turnbull outlined a suite of policy reforms that have the potential to create big opportunities for business and more jobs nationally. The reforms outline some significant business tax cuts which will enable small and family businesses to invest more, employ more staff and improve competitiveness.
Dr Brett Dale, Group CEO for the Motor Trades Association of Queensland (MTA Queensland) said, “The automotive industry is comprised of many small and family owned businesses with a turnover less than $10 million, so by cutting tax to 27.5%, these businesses will have more capital to reinvest in hiring new staff and provide wage increases to existing staff. The Prime Minister also outlined important reforms around energy cost reduction. This is critical for small business and it is imperative that energy is affordable and reliable.
With the rapid advancement of technologies in the automotive industry and the imminent disruption caused by these changes, Queensland is on the cusp of a major innovation revolution and with that brings enormous opportunity. As the automotive peak body in Queensland representing thousands of small to medium-sized businesses, MTA Queensland urges all members of Parliament, to do what is right, by supporting the government’s reform.”
MTA Queensland has offered a range of suggested priorities for consideration in the Commonwealth 2017–18 Budget, which are outlined in our pre-budget submission available on our website. Our submission is directly relevant to the automotive industry’s value chain and their collective business interests including vocational education and training.
In Queensland there are some 13,000 automotive value chain businesses operating within the State employing in excess of 90,000 persons. Our submission highlights that an essential requirement for these businesses is a skilled workforce that has access to training regimes that maintain and advance their skills. We have outlined other priorities for consideration including regulatory reform, the workplace relations system, taxes and charges and policy recommendations around energy, telecommunications, infrastructure and the harmonisation of regulations.