Small business portfolio elevated to front bench as new minister announced

Former Jobs and Innovation Minister Michaelia Cash has taken her place in Scott Morrison’s Cabinet as the new minister for Small Business, Skills and Vocational Training.

Cash takes over from Craig Laundy who had requested he not be considered for a ministership with the new government.

The move elevates the Small Business portfolio to the front bench and follows sustained lobbying to give small business more prominence in Cabinet affairs.

The Australian Small Business and Family Enterprise Ombudsman, Kate Carnell said she  welcomes the return of small business to Cabinet, signalling the importance of the sector to Australia and its economy.

“It’s great to have the small business portfolio back in Cabinet and to have Michaela Cash as the minister responsible,” Carnell said.

“Australia is a nation of small businesses and family enterprises, and our new Prime Minister, Scott Morrison sees the value of this sector – the backbone of the Australian economy.”

Carnell also took the opportunity to thank the former Minister for Small and Family Business, Craig Laundy,  for his enthusiasm and in-depth understanding of the sector.

“He has done a great job,” Carnell congratulated.

The ombudsman said she is looking forward to working with Cash in the future on small business policy and the issues that matter for small and family businesses.

“Most importantly, reducing the company tax rate for SMEs to 25%, addressing phoenixing, improving small business’ access to capital, making the Fair Work Act easier to navigate and implementing e-invoicing.”

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Cec Busby
Cec is the managing editor of KBB. She is a multimedia professional with 20 years experience as an editor on titles as diverse as SX, CULT, Better Pictures, Total Rock, MTV, fasterlouder, mynikonlife and Fantastic Living. She has extensive experience working as a news journalist covering all the issues that matter in the political, health and LGBTIQ arena. She is the Head of Content at Pinstripe Media and a recent convert to the world of small business.


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