CPA Warns Red Tape a ‘Straitjacket’ on the Economy in Response to Labor’s Small Business Plan

Released on Feb. 3, the National Small Business Strategy outlines support plans, but it has left CPA Australia sceptical.

Federal Labor Treasurer Jim Chalmers speaks to the media during a press conference at the Commonwealth Parliamentary Offices in Brisbane, Australia on Sept. 25, 2024. AAP Image/Darren England

Labor’s National Small Business Strategy, released on Feb. 3, lays out a broad vision for supporting small businesses but has been criticised for lacking major reforms.

Spanning more than 60 pages, the strategy focuses on collaboration across jurisdictions, streamlining support, and reducing regulatory burdens.