Aussie small businesses prioritise cost relief this election

Aussie small businesses prioritise cost of living, taxes, and energy relief ahead of the upcoming Federal Election.

In Short

As Australia’s Federal Election approaches, small businesses express concerns over cost-of-living pressures and inadequate government support, crucial factors in their voting decisions.

Many are calling for lower taxes and better relief from rising operational costs, particularly high energy expenses.

As Australia approaches the Federal Election on May 3, small businesses voice their concerns ahead of this pivotal moment.

According to OnDeck Australia, 2.5 million small businesses are vital to the economy, and their voting choices reflect significant anxieties about the cost of living and inadequate government support.

READ MORE – No winner in leaders election debate

The study highlights that 85% of small business owners consider cost-of-living pressures a critical factor in their voting decisions, with inflation impacting 84% of them daily. Rising energy prices are also a pressing concern for 54% of respondents. Additionally, issues like healthcare funding and housing affordability, identified by 55% and 54% respectively, further influence their choices.

Significant voting bloc

Cameron Poolman, CEO of OnDeck Australia, asserts the importance of addressing these concerns, as small businesses represent a significant voting bloc. He notes that 61% of small business owners prioritise rising operational costs, particularly energy expenses. Many businesses report electricity bills between $5,000 to $15,000 annually.

In terms of tax relief, 60% of small business owners seek lower tax rates, while 51% wish for decreased interest rates. The Labor government’s budget includes energy bill relief, but Poolman argues that the proposed rebate is insufficient for businesses facing high energy costs.

As the election draws near, small business owners hope their voices will influence policies that support their needs, seeking a fair opportunity for growth and sustainability.