with
BRENDAN O'CONNOR
SHADOW MINISTER FOR EMPLOYMENT AND INDUSTRY
SHADOW MINISTER FOR SCIENCE
SHADOW MINISTER FOR SMALL AND FAMILY BUSINESS
MEMBER FOR GORTON

Today’s insolvency announcement comes as the Morrison Government prepares to withdraw billions of dollars from small businesses and local economies around the country by prematurely winding back JobKeeper and JobSeeker.
 
Changes to bankruptcy processes are complex and require extensive consultation so it is concerning that industry leaders have already declared the Morrison Government’s consultation inadequate.
 
Scott Morrison has still not done enough to support small businesses which are struggling in the worst recession in a generation, risking more jobs losses and business closures.
 
The Liberals have a poor record of delivering small business support, with only $1.8 billion of its $40 billion SME loan guarantee out the door, and repeated failures to fix payment times for SMEs.
 
Labor will wait to see the details of this proposal and consult with industry and other stakeholders.
 
We will continue to be constructive, supportive and responsible but that does not mean remaining silent when there are clear gaps that need to be filled.
 
Australians deserve a plan from the Morrison Government to promote growth, protect and create jobs, support small businesses and set us all up for the recovery.
 
THURSDAY, 24 SEPTEMBER 2020