“We have listened,” declared NSW Treasurer Dominic Perrottet to the audience of more than 150 business leaders at the annual NSW and Sydney Business Chamber’s Budget Breakfast on Friday, June 22.
The Treasurer was referring to the payroll tax threshold increase included in last Tuesday’s State Budget – and was responding to the NSW Business Chamber’s call for the payroll tax threshold to be lifted to $1 million.
Mr Perrottet along with Minister for Western Sydney, Minister for WestConnex and Minister for Sport, Stuart Ayres addressed Chamber members, business leaders and stakeholders on the recently released budget and explained what it would mean for the state.
NSW Business Chamber CEO Stephen Cartwright said he was pleased the Government had given heed to the Chamber’s call to cut payroll tax.
“Already a number of businesses have commented to me that since the announcement, they will be taking on more staff because they won’t be slugged with payroll tax or worse still, the associated administrative compliance costs,” Mr Cartwright said.
“Not only does this Government get a big tick, but so hopefully will the Chamber movement across NSW, in the eyes of our members,” he told the breakfast guests.
Sydney Business Chamber, Western Sydney Director David Borger said it was good to host both the Treasurer and the Minister for Sport, Minister for WestConnex and Minister for Western Sydney at the Penrith event.
“It isn’t often you get a full room of people in Penrith at this time of the day and this makes it clear to me that there is a lot of interest in the region and interest in what this budget is all about,” Mr Borger said.
The event was in partnership with the Penrith Valley Chamber of Commerce and sponsored by Arab Bank Australia