Led by the Institute of Public Accountants (IPA), industry leaders and key stakeholders met to discuss a number of important issues including the regulatory environment and Australia’s taxation system.
The IPA said the summit was designed to provide a credible and influential voice on key policy matters impacting small business.
“We have brought to the table, substantial research, practitioner insights and industry views to formulate the first industry-led Small Business White Paper,” said IPA chief executive officer, Andrew Conway.
“I am very grateful to today’s participants who echoed our passion for small business, with genuine debate on a broad range of key issues".
“However, this is just the starting point; the commitment made today is to facilitate ongoing discourse to ensure when small business speaks, it does so with the support of industry, evidence-based research and on a platform that aims to boost productivity of our nation’s small businesses".
“The importance of small business growth as a driver of Australia’s productivity is growing rapidly and we must do what is in our power to develop economic policy that charts a sustainable future for small business,” said Mr Conway.
The Australian Small Business White Paper Summit covered six key areas of focus:
• Australia’s small businesses are appropriately regulated; providing a safety net without stifling entrepreneurship
• Australia’s small businesses operate on a level playing field
• Links to our regional trading partners are facilitated to open export markets for small business
• Australia’s small businesses have access to responsible finance
• Australia’s small businesses are encouraged to innovate
• Australia’s taxation system serves to encourage small business growth rather than stifle it