“Ai Group welcomes the announcements by Government to improve access to finance for small business, and to improve the burden of annual financial auditing requirements for eligible medium sized companies. Access to cost-effective finance has long been recognised as a significant impediment to small business growth. Among medium size businesses, the Government estimates that over 2,000 businesses and their employees will directly and immediately benefit from these changes to annual auditing requirements,” Australian Industry Group Chief Executive, Innes Willox, said.

“These improvements will allow more of Australia’s small and medium businesses to redirect their resources into stronger business investment, employment, training and innovation, to the benefit of our local communities.

“Ai Group welcomes the ongoing commitment shown by Government to addressing the regulatory burden on business. We shall continue to work with Government and all parties to achieve a better regulatory environment for all Australian businesses,” Mr Willox said.

Source: AiG