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Ep
11

How the “Closing the Loopholes Bill” Will Affect Small Business Owners

Jan 3, 2024
With
SME Guru
18

How the “Closing the Loopholes Bill” Will Affect Small Business Owners

In this episode, I share important news about the secret, rushed government reforms that were recently passed AKA "Closing the Loopholes Bill". You probably have not heard about them but they will have a direct negative impact on your business.

Unfortunately, these changes have been rushed through without much attention or opposition from the government or the opposition parties. As a result, Australian small businesses are left to bear the burden once again. As if you’re not dealing with enough already - with rising inflation, rental prices, wages, and a challenging labour market, I’m well aware that small business owners are facing immense pressure to keep their businesses afloat. Come find out how the government rushed the legislation through, leaving small business owners unprepared and unsupported.

Key moments:

02:24 The Current State of Small Businesses

05:10 The Struggles of Small Business Owners

11:53 The Impact of Industrial Relations Reforms

15:37 The Importance of Advocacy for Small Businesses

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