A maximum $20,000 tax-free threshold will apply to the income of a hobby business, which will be in addition to any personal income received via a full time PAYG employment. This is designed for persons operating a hobby business at weekends or evenings. They can earn up to $20,000 per annum without having to declare or pay any tax. A Hobby Business which has an annual turnover greater than $20,000 must register as a business, either as a sole trader or Pty Ltd and apply for an ABN. GST registration is optional. To clarify, a person who has full-time employment and benefits from the standard tax-free threshold (currently $18,200, which we will increase to $45,000), will in addition be able to earn another $20,000 from their hobby business and not pay any additional tax. So, they could have a total tax-free income of $38,200 under the current tax system; or $65,000 tax free under the Conservative tax system. This will reduce the black market cash-in-hand economy and enable people to explore lucrative hobbies, without having to worry about the ATO.
A sole-trader is a person who operates under a recognised business model. Sole-traders will need an ABN, but do not need to be GST registered, unless they reach the GST income threshold. They can operate as a sole-trader with an annual turnover of up to $45,000. A Sole-trader will be eligible for the new tax-free threshold of $45,000 per annum, currently $18,200. Sole-trader businesses operating with a turnover exceeding $45,001, must incorporate as a Pty Ltd and register for GST. We want more companies, because of the protections and benefits that they afford the business owner.
All Companies must have an ABN and be GST registered. All companies will be eligible for the corporate $50,000 Tax-Free threshold.
Sole-traders, that sub-contract their services to another entity, irrespective of the amount they are paid and the amount it represents to the percentage of their total income; will no longer be deemed an employee under either of the Workers Compensation and Superannuation deeming provisions. The sub-contractor deeming provisions will be abolished. All sub-contractors will be required to pay their own tax and superannuation contributions; and hold their own insurance covers, including workers compensation.
All sole-traders and company directors will be eligible for worker compensation insurance. We will conduct a review into how premiums are calculated, to make for a fairer system. We will also normalise workers compensation from a state-based system to a new national system, so that all Australian businesses will operate under the same rules and laws, gazetted codes and ratings.
All workplace laws will be reviewed to create a fairer and easier system for both employers and employees.
Taxation and business go hand in hand. It is true, that others also contribute to the tax pool, such as employees, payers of GST and other taxes etc, but these would not exist if there were no businesses. It is businesses, that employ the staff from whose salaries, tax is taken; and the same businesses are rewarded for creating these jobs by having a payroll tax levied upon them. It is businesses that make and sell the products or services to which GST is applied and it is businesses, that pay their corporation tax on the profits they make.
Governments that rely upon these taxes, are quite happy to maximise the tax take from businesses, but do very little in return. In fact, most Governments actively work against the interests of business and are more of a hindrance than a help. The time has come for Governments to start respecting the value and importance of businesses and the crucial role they play in our society. To this end the following tax changes need to happen.
Abolish State Payroll Tax. Current State Payroll Tax Rates as at 2025. To be reduced and phased out over three years.
Companies with an annual turnover of $10m or above, which engage overseas contractors to undertake Australian work, will have one year to terminate those contracts and relocate the jobs back to Australia. Whereafter, a 5% tax levy penalty will be levied on the annual turnover of the company, if overseas contractors doing the Australian work are still engaged. We want all Australian work to be undertaken by Australian employees here in Australia. To this end all overseas contracting and outsourcing will be eventually phased out.
This will encourage Australian companies to keep jobs in Australia or bring jobs back to Australia. Jobs such as call centres or administration are jobs that could and should be done in Australia. All companies will need to declare the number and details of all overseas contractors engaged in their business.
This tax levy will not apply to specialised expertise, that can only be sourced overseas, such as a specialist technician; or where there is no equivalent technician in Australia. The general rule is, if the job can be done by an Australian, in Australia, then it should be. This imposed Corporate Tax Levy is, in part to offset the loss of the personal income tax, that is not being paid by the overseas workers, which would otherwise be paid by Australian employees.
Companies that have a workforce of more than 10,000 employees, will be eligible for a further tax cut of 1% Tax reduction for every additional or part thereof, of 10,000 employees employed in Australia for a full year in a single company. This is designed to encourage companies to employ more Australians in Australia and bring overseas jobs back to this country. There will be no further reduction in the company tax rate, until the national debt is under control. Then the aim will be to reduce the company tax rate to a flat 10%.
Corporate Tax Rates Employment Incentive
Number of Employees | Tax Rate |
| Number of Employees | Tax Rate |
0 to 10,000 | 20% |
| 110,001 to 120,000 | 9% |
10,001 to 20,000 | 19% |
| 120,001 to 130,000 | 8% |
20,001 to 30,000 | 18% |
| 130,001 to 140,000 | 7% |
30,001 to 40,000 | 17% |
| 140,001 to 150,000 | 6% |
40,001 to 50,000 | 16% |
| 150,001 to 160,000 | 5% |
50,001 to 60,000 | 15% |
| 160,001 to 170,000 | 4% |
60,001 to 70,000 | 14% |
| 170,001 to 180,000 | 3% |
70,001 to 80,000 | 13% |
| 180,001 to 190,000 | 2% |
80,001 to 90,000 | 12% |
| 190,001 to 200,000 | 1% |
90,001 to 100,000 | 11% |
| 200,001 + | 0% |
100,001 to 110,000 | 10% |
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Through the Sovereign State Bank, we will introduce a government owned and backed Credit Card EFTPOS facility for Australian businesses. There will zero fees and zero interest on all business transactions. The business will only pay an annual terminal rental fee of $100. This means that a business will not charge any surcharge as they are not being charged any credit card interest or transaction fee. So, a $100 item, paid for using a Government Bank credit card EFTPOS machine will only cost the consumer $100. Apart from the annual rental fee there will be no other charges applied to the business.
Restaurants will be exempt from the paying the minimum wage and penalty award rates.
Restaurants will be exempt from charging GST on dine-in meals.
All alcohol served in a Restaurant will be Excise Duty free and GST free. The Restaurant operator can purchase Wine directly from a Vinyard without being charged any Excise Duty or GST.
All alcohol will be Excise Duty free and GST free.
