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ADMINISTRATION—NATIONAL FAMILY BUSINESS DAY

Senator Boyce, pursuant to notice of motion not objected to as a formal motion, moved general business notice of motion no. 947—That the Senate—

 (a) acknowledges:

  (i) that 19 September 2012 is National Family Business Day, and

  (ii) the role that family businesses have played in shaping the social, economic and cultural fabric of Australia; and

 (b) notes:

  (i) data from Family Business Australia advising that about 70 per cent of Australian businesses are family businesses and employ 50 per cent of the Australian workforce,

  (ii) that family businesses can be small, medium or large enterprises and that one of the largest family businesses employs more than 27 000 people, and

  (iii) the resilience and adaptability of family business even in difficult economic conditions.

Question put and passed.