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ARTICLE · 11 APRIL 2019

Corporate & Commercial: Recent developments in NSW

Holding Redlich
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The NSW election saw a focus on small and medium enterprises and incentives for private sector investment in renewables.

AustraliaCorporate/Commercial Law
Georgia Milne
Georgia Milne
Joshua Clark
Joshua Clark
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The 2019 election campaign saw a continued focus by the NSW Coalition on small and medium enterprises, together with new incentives for private sector investment in renewables.

Assistance package for small to medium size businesses

Following on from increases to payroll tax thresholds announced in the 2018-2019 NSW Budget, the Government has now proposed to reduce the workers compensation insurance premiums paid by businesses by $100 million per year ($300 million over the forward estimates). In a bid to encourage safe work practices, the changes are targeted at businesses with a safe work history.

The Government has also committed to amending its approach to procurement, requiring all NSW Government agencies to consider small business suppliers for everything that the agencies purchase. 

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This publication does not deal with every important topic or change in law and is not intended to be relied upon as a substitute for legal or other advice that may be relevant to the reader's specific circumstances. If you have found this publication of interest and would like to know more or wish to obtain legal advice relevant to your circumstances please contact one of the named individuals listed.

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