Above: A toothless tiger and Federal Small Business Commissioner Mark Brennan. The Greens have lashed out at the federal government and the Coalition for blocking a bill that would give statutory “teeth” to the federal small business commissioner’s abilities to tackle issues, including tax reform and red tape. Government and opposition members of a committee looking into the role of the federal small business commissioner will advise the Senate not to pass the proposed amendment, all but consigning it to defeat. The Greens, along with independent senator Nick Xenophon, had tabled an amendment that would give the commissioner legislative powers to intervene on behalf of small businesses. The bill would’ve given the commissioner the power to receive and investigate SME complaints against government officials, monitor and investigate market practices that “may adversely impact small businesses” and demand to see relevant information. The Greens are also keen for the commissioner to lead research efforts to better understand Australian small business trends. Mark Brennan was appointed as Australia’s first federal Small Business Commissioner in October last year, adding to counterparts in each of the states. The Council of Small Business of Australia has previously called for Brennan to be given legislative powers, with then-chairman Ken Phillips saying last year: "If a small business commissioner is really going to work, it needs to have teeth, and it needs to have that dispute resolution power for small business people against large government." Senator Peter Whish-Wilson, the Greens’ small business spokesman, says that the lack of support for statutory powers is “disappointing.” “The blocking of this bill certainly looks cynical and appears to be politically driven,” he says. “The important contribution of small businesses is exactly why we believe it is important for these businesses to have a statutory office holder and agency to represent and advocate for them. “As outlined in the committee report, statutory small business commissioners currently operate in Victoria, Western Australia and South Australia. New South Wales is currently considering legislation to back up their small business commissioner. “Merely appointing a federal commissioner is not sufficient for the appropriate representation of small business, and it is easy to see why many view this role as purely political or symbolic. “Additional credibility would be brought to an office that has the ability to bring people to the table to discuss and resolve issues. “Statutory powers are essential to ensure the commissioner can represent and advocate appropriately.”
Small business has expressed its hesitation over the federal government's planned expansion of flexible workplace laws, saying they could threaten the viability of businesses in certain industries and place undue pressure on struggling SMEs.
There’s only one more sleep until Federal Treasurer Wayne Swan unveils the much-anticipated 2012 Federal Budget, which comes with the long-held promise of a return to surplus.
Greens leader Bob Brown has called for proceeds from the Government’s mining tax be used to deliver a 5% reduction in the company tax rate for SMEs to 25%, although it’s unclear whether the policy would apply to partnerships and sole traders.
Twitter is set to finalise its $US40 million purchase of UK-based start-up Tweetdeck, in a cash and shares deal.
The Greens are to demand that CEO pay is capped at just under $2 million in an amendment to a current bill that seeks to give shareholders greater say over executive pay.
The Federal Government will cut or delay multiple projects, funds and grants in order to cover the cost of Queensland’s $5.6 billion flood damage bill, on top of its controversial flood levy.
The Greens will continue to push for new regulation on banks to place caps on savings account charges and ban $2 ATM fees.