Small Business Lifestyle

Cec Busby sits down with Luke Achterstraat, CEO of the Council of Small Business Organisations Australia (COSBOA), for a discussion about the current landscape for small businesses. With a major decision from the Fair Work Commission to raise the minimum wage by 3.75% set to take effect, Cec and Luke unpack what this change—and a host of other pressing issues such as rising business costs, increasing red tape, late payments, and compliance burdens—means for small business owners. Key topics 1. Current Challenges for Small Business Rising costs: energy, rent, wages, insurance Complex and increasing regulatory and compliance requirements Eroded profitability and productivity due to these pressures 2. COSBOA’s Advocacy and Campaigns “Fair Go for Business” campaign: proposed tax cut from 25% to 20% Ongoing lobbying for less red tape and better policy Engagement and strong support from the small business community 3. Digital and Operational Transformation Push for