Tag: Bruce Billson

The man tipped to become the new small business minister has officially been handed the portfolio – Bruce Billson, member for Dunkley will take the reigns all the way to cabinet.

With the arrival of 2011, employers should familiarise themselves with their obligations under the paid parental leave legislation which came into force on 1 January 2011.

Tony Abbott’s Coalition through Bruce Billson, Shadow Minister for Small Business, Competition Policy and Consumer Affairs will introduce legislation to cut red tape and compliance burden for small business under Labor Government’s paid parental leave scheme.

An examination of the Attorney-General’s portfolio has revealed a new tax levied against many small businesses, requiring them to pay a flat $500 annually to the anti-money laundering regulator.

The lowest paid workers will lose out under the Henry Review superannuation changes, with employers forced to cut wages to pay the increased superannuation rate.

Small business is expected to cop a $26.6 billion increase in costs as a result of the Henry Tax Review due to increases in the compulsory superannuation rate.