NSW Budget 2011-12 

News and features – past and current

Tweet this page  Share this page on Facebook  Follow us on Facebook  Keep me informed
Thursday 08 September 2011

The NSW Government has released its budget for 2001-12. Key inclusions affecting small business are outlined below.

New programs or services:

  • Implementation of the Jobs Action Plan to give businesses an incentive to employ new workers and expand their operations. From 1 July 2011, businesses that increase the number of full-time equivalent (FTE) employees for a period of at least two years will receive a payroll tax rebate for each new employee in a position that is a new job. The rebate is limited to the first 100 000 new payroll tax paying jobs created in NSW.
  • The new Office of the Small Business Commissioner will be established to give small businesses an independent advocate providing simple, low-cost dispute resolution services.

Changes to existing programs or services:

  • Funding for NSW Business Advisory Services will be continued, with $2.5 million funding allocated.
  • Continued funding of programs targeting Aboriginal business owners, young entrepreneurs and women in business, and ongoing investment in the annual Small Business September and Micro Biz Week events.
  • Automatic compensation for slow payment of bills by Government agencies to small business owners.

The budget will also provide additional funding for environmental initiatives, infrastructure projects and regional tourism.

For more information on the budget announcements, visit the Budget 2011-12 External link website.

Connect with business.gov.au...

  • Join business.gov.au on Facebook External link to get the latest business news delivered straight to your news feed and to take our quick polls.
  • On Twitter? Follow us External link @business_gov_au.
  • Watch our suite of useful business videos on our business.gov.au YouTube External link channel.
  • Get the latest in business news emailed to your inbox by signing up to business.gov.au's free email updates.