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Having said it couldn't be done, Costello adopts Labor's first instalment on small business GST relief.



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Having Said It Couldn't Be Done, Costello Adopts Labor's First Instalment On Small Business GST Relief Joel Fitzgibbon - Shadow Minister for Small Business

Media Statement - 22 February 2001

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The Shadow Minister for Small Business, Joel Fitzgibbon, today welcomed Treasurer Peter Costello's announcement that the Coalition will adopt Labor's plan to give small businesses the option of lodging only one comprehensive Business Activity Statement a year instead of four.

"It is disappointing that it took the election results in Western Australia and Queensland and sustained pressure from Labor, the media, and the small business community, to force the Government's hand on this issue and to do what Peter Costello said could not be done," Mr Fitzgibbon said.

"While the changes, including the amended reporting deadlines are welcome, Australia's small business operators remain overworked, unpaid tax collectors and Labor will continue to consider and work on further options for lifting the GST burden.

"I suspect Handicapper Costello will receive little thanks from the small business community for reducing its riding weight from 100 kilograms to 80 kilograms."

Authorised by Geoff Walsh, 19 National Circuit, Barton ACT 2600.