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Employment law firm applauds budget’s SME focus
An employment law firm has responded to Treasurer Josh Frydenberg’s first budget, saying it is set to benefit both SMEs and employees in a multitude of ways.
Emma Musgrave
Among last night’s budget delivery was a promise to cut SME taxes to 25 per cent and increase their access to finance with a new $2 billion fund. The instant asset write-off was also increased from $25,000 to $30,000 and can be utilised every time an asset under that amount is purchased, effective immediately.
Melbourne-headquartered McDonald Murholme has issued a response to the budget, welcoming the budget’s focus on the SME community.
The employment law firm’s managing director Alan McDonald said that many vulnerable employees will benefit from last night’s budget announcement.
“A major win for employees is the government’s plans to crack down on sham contracting by promising extra funding to the Fair Work Ombudsman,” Mr McDonald said.
“The Fair Work Ombudsman provides a very valuable service in all its areas. This will give employees more rights in the workplace and better job security moving forward.”
Mr McDonald noted that the budget will help rectify a common occurrence seen in the Australian market, whereby “employers take advantage of vulnerable employees for too long”.
“Sham contracting is too frequent, it gives some employers an unfair advantage as well disadvantaging those employed by the sham contracting businesses," he concluded.
Emma Musgrave
Emma Musgrave (née Ryan) is the managing editor, professional services at Momentum Media.
Emma has worked for Momentum Media since 2015, including five years spent as the editor of the company's legal brand - Lawyers Weekly. Throughout her time at Momentum, she has been responsible for breaking some of the biggest stories in corporate Australia. In addition, she has produced exclusive multimedia and event content related to the company's respective brands and audiences.
Prior to joining Momentum Media, Emma worked in breakfast radio, delivering news to the Central West region of NSW, before taking on a radio journalist role at Southern Cross Austereo, based in Townsville, North Queensland.
She holds a Bachelor of Communications (Journalism) degree from Charles Sturt University.
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