Only 13 per cent of start-ups surveyed by MYOB say they are happy with the level of support being given by the federal government.
Photo: Fairfax Media
Australia’s start-ups have had a major shift in sentiment about the federal government, with more than half now dissatisfied with the support they are getting, the latest MYOB survey of the nation’s SMEs has found.
The study found 51 per cent of start-ups and small businesses were dissatisfied with federal government support, compared with 39 per cent in the July 2012 version of the study.
The proportion of SMEs satisfied with federal support has taken a similarly sour turn, dropping 20 points to just 13 per cent in the latest study.
Overall, more than half of Australia’s small business sector remains dissatisfied with federal government support for the sector, the MYOB study found.
The study, for which research group Colmar Brunton polled 1005 Australian small to medium businesses, found that dissatisfaction with federal government support was at 54 per cent nationally, with state-based dissatisfaction ratings ranging from 48 per cent in WA to 58 per cent in Queensland.
The proportion of small businesses dissatisfied with the government fell from 57 per cent in the July 2012 edition of the study, MYOB reported.
The proportion of those saying they were satisfied with the government also fell over the same period, dropping from 17 per cent in July 2012 to 14 per cent in the most recent survey.
The results of the latest study were released a day after Gary Gray was appointed as Labor’s fifth small business minister since 2010. Gray will also carry responsibility of the resources portfolio, meaning he will have the challenge of representing the interests of some of Australia’s smallest and largest companies at the same time.
The MYOB study also found that the proportion of small businesses that are neither satisfied or dissatisfied with the federal government also grew from July, increasing from 35 per cent to 37 per cent in the latest survey.
The MYOB study participants were also asked to respond on a range of suggested issues that could potentially turn the coming federal election. Compliance burdens, the carbon tax and capital city transport infrastructure rated as the top three issues for respondents.
|Sentiment about federal government
|Neither satisfied nor dissatisfied
Top 10 suggested policies
- 1. Policies that significantly simplify the GST/BAS reporting process – 65 per cent
- 2. The abolition of the carbon tax – 63 per cent
- 3. More federal government investment in transport infrastructure in our major states and cities – 61 per cent
- 4. A reduction in payroll tax – 57 per cent
- 5. Increased federal government funding for skills, training and apprenticeship programs – 57 per cent
- 6. Increased government funding for innovation, research and development by Australian businesses – 53 per cent
- 7. Waiving any penalty interest charges on late tax payments for start-up businesses in their first two years of operation – 53 per cent
- 8. Providing free government-funded training to all small businesses on how to use the internet to enhance and grow their business – 51 per cent
- 9. The creation of a single flat tax for personal tax and company tax – 49 per cent
- 10. Further cutting government expenditure to return to surplus faster – 42 per cent