COSBOA February Update

Where has the time gone? It is already the end of February and 2018 is off to a flying start. From good jobs data to growth in the economy, we know that things are broadly going well in Australia. COSBOA is conscious that many people in small business are still doing it tough and our team is working hard to ensure our governments and regulators make life easier for small businesses. 

Our new Board Chair, Mark McKenzie, recently 
wrote this article on 2018 and why we need to be realistically optimistic. Mark outlines what COSBOA will be focusing on for this year and it is well worth a read. 

At the end of January, COSBOA released it’s 2018-19 Budget Priorities Statement. We are continuing to call for an extension and expansion of the instant asset write-off. COSBOA also support and encourage the Government to continue with their agenda to lower taxes for all businesses in Australia. 
You can read the statement here

During February, the COSBOA Board held a productive meeting and strategy day in Melbourne. Thank you to MGA Independent Retailers for hosting us. We also met and heard from our colleagues at the Business Council of Australia (BCA). Next week, I am heading to Cairns with BCA CEO, Jennifer Westacott, to talk about how big and small business work together and rely on each other for success. 

Make sure your network stays up to date with our regulators through joining their mailing lists here:
   ACCC – Small Business Information Network
InFocus Newsletter
ATO – 
Email Updates List – 
News Subscription List 
Fair Work Ombudsman – 
News Subscription List

To stay up to date with COSBOA, please follow us on 
Twitter and like ourFacebook page.

Special thank you to American Express for sponsoring our newsletter and, of course, to Vodafone, who are our major partners again for the Summit this year. Our board also wanted to pay tribute to both Katrina and Bridget at American Express, who are transitioning out of their roles managing the relationship with COSBOA. 

A quick reminder to encourage all your friends and family to shop to make a particular effort to shop in small businesses in 2018. 


Peter Strong
Council of Small Business Australia

COSBOA 2018-19 Budget Submission 

Last month, COSBOA submitted our 2018-19 Budget Submission, focusing on a range of challenges for small business in Australia. You can read a copy of our submission here.
ATO Targets Cash-Only Hair/Beauty Businesses 
Every year, the Australian Tax Office focuses resources on certain sectors of the economy that are seen as hotbeds of tax non-compliance.​ 
Read more in this Sydney Morning Herald article. 
Mandatory Data Breach Laws Begin
This month we saw the beginning of Mandatory Data Breach Laws in Australia 
This articleprovides a good summary of the Notifiable Data Breaches (NDB) scheme. Please share this information with the small business owners you know. 
Our New Minister 
This article provides a brief background to the new Small and Family Business Minister, Crag Laundy MP. We have already met with Craig and his staff, and are looking forward to continuing to have a productive relationship with the Government. 
Warning about sharing data
COSBOA was concerned to read 
this article in Smart Company about a small business that was charged for a range of additional services that were illegally added to their account. Be wary about who you share your personal data with. 
Improving the NBN 
COSBOA continues to work with NBN Co and the Government to improve the way that small businesses are supported by the roll-out. Thanks to NBN for meeting with the Board of COSBOA this month to discuss a range of challenges facing small business. 
Ombudsman’s February Newsletter
Kate Carnell, the Small Business Ombudsman, has continued to work alongside COSBOA in advocating for small business. Kate’s
February Newslettercovers the AFCA, small business lending, and more. You can also follow her on Facebook here.

Congratulations to our new Deputy Prime Minister 

COSBOA congratulates the new Deputy Prime Minister, Michael McCormack, on his elevation. As Small Business Minister, Mr McCormack, was a passionate advocate for the causes COSBOA champions and worked productively with both our Board and Members. We look forward to seeing how the new Deputy PM uses his knowledge of small business to improve policy outcomes for people running small businesses around the country. Above is a photo of the new Deputy Prime Minister a few months ago at a COSBOA Council Meeting Dinner. 
Thank you to American Express
Special thank you to American Express for sponsoring the COSBOA Newsletter again in 2018. AMEX know that the people running small businesses play a key role in building a strong economy in Australia and have provided the above stats for us. Remember to shop small and support your local small businesses. 

COSBOA Member Profile: NCPA
This month we are featuring our member, the National Credit Providers Association (NCPA). NCPA provides a voice in the small loans national arena and has been instrumental in bringing about significant changes in Commonwealth legislation which provides more protection to its Members’ customers under the National Consumer Credit Protection Act 2009 and ASIC credit licensing requirements.  The Association works with policymakers, and consumer advocacy groups to help maintain a viable small loans industry that provides responsible lending and necessary financial inclusion to about 750,000 Australians a year

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