Note: Where available, the PDF/Word icon below is provided to view the complete and fully formatted document
 Download Current HansardDownload Current Hansard    View Or Save XMLView/Save XML

Previous Fragment    Next Fragment
Monday, 24 March 2003
Page: 13273

To the Honourable the Speaker and Members of the House of Representatives assembled in Parliament:

The petition of certain citizens of Australia draws to the attention of the House:

The Government is planning to burden small business with its so-called superannuation choice (deregulation) of funds;

A typical small business cannot afford $13,200 per employee in fines—an impost of $204,000 on a small business with 20 employees, or the legal liabilities associated with these planned regulations.

The Council of Small Business Organisations of Australia fully supports Labor's call for small business to be exempt from these proposed regulations.

Your petitioners believe that the Government is ignoring the substantial compliance costs, paperwork, legal costs and potential fines which will act as a significant burden on small businesses throughout Australia.

We therefore request that the House immediately implements amendments, which exempt small businesses from this additional burden.

by Mr Kerr (from 224 citizens)