Small business owners wary of pre-poll pledges
Fairfax spoke with several small business owners who outlined the pledges they want to hear in the lead-up to the election, but say they are also sceptical that the promises politicians make between now and the election will be kept.
Tristan Sternson, founder and CEO of business intelligence and knowledge management consultancy InfoReady, wants both parties to commit to a promise to reinstate the $50,000 per annum limit on non-concessional super fund contributions. At the moment taxpayers can only contribute $25,000 to their super fund each year before being penalised.
"Payroll tax is another issue for small businesses. I would like to see this reduced or abolished, and more grants and subsidies introduced to support the growth of small to medium businesses," Mr Sternson says.
Ruslan Kogan, founder of discount electronic e-tailer Kogan, says: "I want Ms Gillard and Mr Abbott to reduce the red tape which is hurting Aussie businesses and workers."
Andrew Thomas, managing director of IT consultancy, Thomas Duryea Consulting says: "I'm looking for strong, unwavering leadership that delivers confidence back to the Australian people and in turn our economy."
Tony Fontes, owner of Queensland dive business Diving Careers, wants better protection for the Great Barrier Reef. He's looking for a promise from the Labor Party to protect and maintain the reef "like UNESCO has been asking for".
"UNESCO is threatening to remove the reef's World Heritage listing. That would be a disaster for both the reef and the tourism industry and those of us that depend on the reef for our livelihoods," Mr Fontes says.
If the Coalition gets in, he wants the party to support the carbon and mining taxes. "Close the loopholes of the mining tax so it brings in more money to Australia," Mr Fontes says.
Dean Ramler, founder and CEO of online furniture store Milan Direct says: "I hope [Labor] will not hit Australians with new and higher taxes. I would like to see Mr Abbott assist small business more and look to get rid of a lot of the red tape strangling many a business. Small business is the backbone of the economy and as such, more recognition and support is required."
Mr Fontes says it is "a sad fact" that small business owners have little faith that either party will keep their pre-election promises.
Frequently Asked Questions about this Article…
Small business owners told Fairfax they want politicians to cut red tape, reduce onerous taxes (including payroll tax), ease unfavourable superannuation rules, and introduce more grants and subsidies to support small-to-medium business growth ahead of the September 14 vote.
Tristan Sternson asked both parties to commit to reinstating a $50,000 per annum limit on non‑concessional super fund contributions — noting that, at the time of the article, taxpayers could only contribute $25,000 per year before penalties.
Payroll tax was singled out as a problem by small business leaders; Tristan Sternson and others said they would like payroll tax reduced or abolished and for more targeted grants and subsidies to help businesses grow.
Ruslan Kogan (founder of Kogan) and Dean Ramler (founder of Milan Direct) urged reduced red tape and more assistance for small businesses, arguing that cutting regulatory burdens and avoiding higher taxes would help the businesses that are 'the backbone of the economy.'
Tony Fontes, owner of Queensland dive business Diving Careers, wanted Labor to promise stronger protection for the Great Barrier Reef — citing UNESCO's threat to remove the reef's World Heritage listing — and said if the Coalition wins he wants them to close mining and carbon tax loopholes so the taxes bring in more revenue for Australia.
No — the article reports that many small business owners are sceptical and have little faith that either party will keep the pre‑election promises they make in the lead‑up to the vote.
The article quoted Tristan Sternson (founder and CEO of InfoReady), Ruslan Kogan (founder of Kogan), Andrew Thomas (managing director of Thomas Duryea Consulting), Tony Fontes (owner of Diving Careers) and Dean Ramler (founder and CEO of Milan Direct).
Small business owners said they want strong, unwavering leadership that restores confidence in the Australian economy and provides more recognition and tangible support for small businesses, according to quotes in the article.

