Tasmanian Freight Equalisation Scheme – resourcing

Summary of proposal

This proposal would provide $65 million in 2025-26 to support Tasmanian industry and address increased costs of travelling to and from Tasmania to the mainland.

The funding would cover:

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Tasmanian Freight Equalisation Scheme – resourcing

Summary of proposal

This proposal would provide $65 million in 2025-26 to support Tasmanian industry and address increased costs of travelling to and from Tasmania to the mainland.

The funding would cover:

Read more

Australian Small Business and Family Enterprise Ombudsman – additional resourcing

Summary of proposal

The proposal would provide additional funding to support the Australian Small Business and Family Enterprise Ombudsman (ASBFEO) to undertake performance reviews of how government agencies deal with small businesses.

The ASBFEO will work alongside Investment Australia to ensure small business outcomes are at the heart of the red tape reduction strategy.

The proposal would be ongoing and start on 1 July 2025

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Australian Small Business and Family Enterprise Ombudsman – additional resourcing

Summary of proposal

The proposal would provide additional funding to support the Australian Small Business and Family Enterprise Ombudsman (ASBFEO) to undertake performance reviews of how government agencies deal with small businesses.

The ASBFEO will work alongside Investment Australia to ensure small business outcomes are at the heart of the red tape reduction strategy.

The proposal would be ongoing and start on 1 July 2025

Read more

Australian Small Business and Family Enterprise Ombudsman – additional resourcing

Summary of proposal

The proposal would provide additional funding to support the Australian Small Business and Family Enterprise Ombudsman (ASBFEO) to undertake performance reviews of how government agencies deal with small businesses.

The ASBFEO will work alongside Investment Australia to ensure small business outcomes are at the heart of the red tape reduction strategy.

The proposal would be ongoing and start on 1 July 2025

Read more

Australian Small Business and Family Enterprise Ombudsman – additional resourcing

Summary of proposal

The proposal would provide additional funding to support the Australian Small Business and Family Enterprise Ombudsman (ASBFEO) to undertake performance reviews of how government agencies deal with small businesses.

The ASBFEO will work alongside Investment Australia to ensure small business outcomes are at the heart of the red tape reduction strategy.

The proposal would be ongoing and start on 1 July 2025

Read more

Early‑stage venture capital cap and venture capital cap – increase and index

Summary of proposal

The proposal would double the asset cap for early stage venture capital limited partnerships from $50 million to $100 million, and lift the venture capital cap to $500 million. From July 2026, both caps would be indexed with the consumer price index (CPI).

The proposal would start on 1 July 2025.

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Early‑stage venture capital cap and venture capital cap – increase and index

Summary of proposal

The proposal would double the asset cap for early stage venture capital limited partnerships from $50 million to $100 million, and lift the venture capital cap to $500 million. From July 2026, both caps would be indexed with the consumer price index (CPI).

The proposal would start on 1 July 2025.

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Small business incubator grants program

Summary of proposal

This proposal would support small business growth and innovation by establishing a small business incubator to provide 1,000 grants of $250,000 and 10,000 grants of $50,000–$75,000 for startups and cooperatives that enhance local economies and create jobs.

Additionally, this proposal would provide certainty for small businesses by extending the $20,000 instant asset write-off (IAWO) and the Small Business Energy Incentive Scheme to 1 July 2026.

The proposal would start on 1 July 2025.

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Small business incubator grants program

Summary of proposal

This proposal would support small business growth and innovation by establishing a small business incubator to provide 1,000 grants of $250,000 and 10,000 grants of $50,000–$75,000 for startups and cooperatives that enhance local economies and create jobs.

Additionally, this proposal would provide certainty for small businesses by extending the $20,000 instant asset write-off (IAWO) and the Small Business Energy Incentive Scheme to 1 July 2026.

The proposal would start on 1 July 2025.

Read more