Downplaying the role of small business and the impact policies such as Stronger Super will have on the sector is of grave concern to the Institute of Public Accountants.
IPA chief executive officer Andrew Conway said small business is an integral part of Australia’s economy, but is often overlooked by governments when announcing big-ticket policies.
"[Financial Services Minister Bill] Shorten has publicly acknowledged the contribution of the big end of town represented by the [Australian Chamber of Commerce and Industry] and the union movement, yet leaves to the end a short statement of being ‘mindful of the implementation’ problems being faced by small business," Conway said.
"This is not good enough; small business is this nation’s biggest employer, yet the administration impact falls squarely on the shoulders of struggling small business," he added.
The institute believes the concerns of small business need to be front-of-mind to the Government when developing policies.
Conway has called on the Government to either extend or remove the compulsory 1 July 2015 implementation date for small businesses until such time that the administrative costs of the superannuation system are removed.
