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WA budget benefits bantam businesses

first_imgSource = e-Travel Blackboard: P.T The accommodation industry has welcomed the proposed Western Australian state budget, citing positive prospects for small businesses. Accommodation Association of Australia chief executive Richard Munro was pleased with the inclusion of the $135 million payroll tax relief package, announced in the budget. “While major accommodation businesses in Perth are thriving, the same can’t be said for small businesses,” he said. The planned payroll tax package falls in line with a previously promised election commitment. “Operators welcome the Budget measure that will see small businesses with Australia-wide group payrolls of up to $1.5 million receive a full rebate of their WA payroll tax liabilities up to a maximum value of just over $40,000,” Mr Munro added. Disparate to last year, when the Government announced a rise in state royalties for iron ore miners, there will be no further increases to state mining royalties, according to the ABC. Mr Munro believes the payroll initiative supports small businesses in Western Australia and “has the potential to make a real difference… in regional WA where they are competing with the resources sector for labour”. Mr Munro went on to praise Colin Barnett’s other tourism focused efforts. “The State Government also deserves credit for committing funds for infrastructure that will directly benefit tourism, including the iconic Perth Waterfront project and the new Perth stadium.”last_img