SME Sector Caught in the Crossfire of Competing Party Promises
As Australia gears up for the 2025 Federal Election, small and medium-sized enterprises (SMEs) have taken centre stage in the political battleground, with both major parties unveiling vastly different plans to win the support of over 2.5 million small businesses.
A new article by Dynamic Business compares the Coalition and Labor’s SME-focused policies, revealing a stark contrast in approach.
The Coalition, led by Peter Dutton, is proposing a $4.6 billion package to reverse what it calls a “cost-of-doing-business crisis.” Their plan includes tax offsets for new businesses, a permanent $30,000 instant asset write-off, energy reform incorporating nuclear power and deregulation initiatives.
Meanwhile, the Albanese Labor Government is committing $2 billion in targeted relief, including extended energy rebates and continued investment in skills training. Labor is also promising to extend the $20,000 Instant Asset Write-Off and deliver tax cuts to 1.5 million sole traders.
Energy, tax, red tape and employment laws — especially the contentious “right to disconnect” — are flashpoints in the policy divide. With both parties claiming to be champions of small business, business owners face a critical choice between broad tax and deregulation strategies from the Coalition and Labor’s targeted support and workforce reforms.
Read the full article at:
Dynamic Business: Elections 2025 – A comparison of Coalition and Labor plans for SMEs
New 2025 Edition of ‘Doing Business in New Zealand’ now available