Minister for Employment and Small Business, Minister for Training and Skills Development and Minister for Juvenile Justice
The Hon. Di Farmer
The Australian state of Queensland is implementing measures to support small and medium-sized businesses in reducing electricity bills. As part of the state’s 2023-24 budget plan, $35 million will be allocated over three years to assist businesses in tackling rising energy costs. In addition, regional businesses affected by the removal of outdated fees in 2021 will receive continued support amounting to $6.2 million.
Significantly, around 205,000 eligible small businesses in Queensland are set to benefit from a $650 rebate on their electricity bills in the 2023-24 financial year. This initiative aims to alleviate the financial burden on businesses and foster a conducive environment for economic growth in the state.
Furthermore, the Sunshine Coast, known for its vibrant small business community, is home to approximately 35,000 enterprises. Out of these, it is estimated that around 20,000 businesses will reap the benefits of a $650 reduction in their energy bills through the 2023-24 budget rebate. This allocation is in addition to another $550 off their home energy bills, providing a substantial financial cushion for local businesses.
The introduction of these energy budget rebates reflects Queensland’s commitment to preparing for the future by investing heavily in the Energy and Jobs Scheme. This initiative is expected to spark the growth of new industries and create employment opportunities, particularly in regional areas.
Moreover, the Queensland government is keen on addressing the cost of living pressures faced by households. Alongside the $650 rebate for small businesses and the $550 cost-of-living rebate on electricity bills for households, vulnerable households will receive a $700 cost-of-living rebate, as well as an additional $372 under the Queensland Electricity Rebate Scheme. These efforts aim to alleviate the financial strain on Queenslanders and contribute to overall economic stability.
The ability to implement these measures stems from the state’s public ownership of its major electricity assets. By ensuring that the profits from these assets benefit Queenslanders, particularly those in regional areas, the government can deliver substantial support to businesses and households alike. The emphasis on public ownership highlights the government’s commitment to fair distribution of resources and a sustainable energy future.
It is notable that the energy sector has seen significant fluctuations in recent times, with coal prices reaching unprecedented highs. Queensland’s ownership of its public assets enables it to capitalize on these favorable market conditions and channel the resulting benefits back into the pockets of its citizens.
Underlining the success of these initiatives, it is important to contrast them with the approach of the opposition party, the Liberal National Party (LNP). During their tenure, energy prices soared by 43%, and they failed to take decisive action to rectify the situation. This reinforces the significance of the government’s commitment to creating a viable and sustainable energy future for Queensland, with tangible benefits for businesses and households across the state.
In conclusion, the Queensland government, under the leadership of Minister Di Farmer, has introduced measures to support small businesses and households in reducing electricity bills. By allocating $35 million over three years to assist businesses and providing continued support to regional enterprises affected by outdated fees, the government aims to foster economic growth and alleviate financial burdens. The $650 rebate on electricity bills for eligible small businesses, coupled with cost-of-living rebates for households, reflects the government’s commitment to addressing the rising cost of living pressures. These initiatives, made possible by public ownership of electricity assets, ensure that Queenslanders receive a fair share of the benefits resulting from favorable market conditions. By contrasting these efforts with the inaction of the opposition, it is evident that the government is committed to promoting economic stability and a sustainable energy future for the state.
Additional Piece:
The measures implemented by the Queensland government to support businesses and households in reducing electricity bills highlight the importance of proactive policies in creating a favorable economic environment. By offering substantial rebates and support, the government aims to alleviate the financial burdens faced by small businesses and households. This not only contributes to individual households’ and businesses’ financial stability but also fosters a conducive environment for economic growth and job creation in the state.
The $35 million allocation over three years to support businesses in tackling rising energy costs is a significant step towards making Queensland’s small and medium-sized enterprises more competitive. High electricity bills can pose a considerable burden on businesses, making it challenging to allocate resources for other essential operations and investments. The financial support provided through the rebate program enables businesses to redirect funds towards growth initiatives, job creation, and expansion, consequently driving economic development in Queensland.
The impact of these measures on the Sunshine Coast, a region known for its vibrant small business community, is particularly noteworthy. With approximately 20,000 small businesses expected to benefit from the $650 rebate on their energy bills, the economic landscape of the region is likely to witness positive growth. This additional financial cushion will enable businesses to invest in innovative strategies, enhance product offerings, and drive competition, benefitting both the businesses and the local community.
Moreover, the holistic approach taken by the Queensland government to address the cost of living pressures faced by households is commendable. By providing cost-of-living rebates and additional support for vulnerable households, the government demonstrates its commitment to ensuring the well-being of its citizens. These measures not only reduce the financial strain on families but also contribute to social stability and overall quality of life.
The government’s emphasis on public ownership of electricity assets showcases the importance of leveraging available resources for the benefit of all Queenslanders. By retaining ownership of these assets, the government can ensure that the profits generated are reinvested in initiatives that directly impact businesses and households. This approach allows for fair distribution of resources and enables Queensland to capitalize on favorable market conditions, such as high coal prices. As a result, the state can channel the benefits back into the economy, driving growth and prosperity.
In conclusion, the measures introduced by the Queensland government to support businesses and households in reducing electricity bills have far-reaching positive implications for the state’s economy. By providing financial support, rebates, and ongoing assistance, the government is fostering a business-friendly environment and addressing the cost of living pressures faced by households. Through public ownership of electricity assets, the government can ensure that Queenslanders receive a fair share of the benefits generated by these assets. These initiatives underscore the government’s commitment to sustainable economic growth, job creation, and a better future for all Queenslanders.
Summary:
The Queensland government, led by Minister Di Farmer, has announced measures to assist small businesses and households in reducing electricity bills. A $35 million allocation over three years will support businesses in tackling rising energy costs, while continued support will be provided to regional businesses affected by outdated fees. Around 205,000 eligible small businesses in Queensland will receive a $650 rebate on their electricity bills in 2023-24, alongside cost-of-living rebates for households. The Sunshine Coast, with approximately 20,000 small businesses, is expected to benefit from the rebate, driving economic growth in the region. The government’s commitment to public ownership of electricity assets ensures that the profits generated flow back to Queenslanders, enabling the implementation of these initiatives. Contrasting this with the previous government’s inaction highlights the government’s proactive approach to achieving a sustainable energy future and fostering economic stability.
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Minister for Employment and Small Business, Minister for Training and Skills Development and Minister for Juvenile Justice
The Hon. DiFarmer
- Queensland’s small and medium-sized businesses will benefit from $35 million over three years to help them reduce their electricity bills.
- $6.2 million will provide continued support to regional businesses affected by the removal of outdated fees in 2021.
- around 205,000 eligible small businesses receiving a $650 rebate on electricity bills in 2023-24 to reduce the cost of doing business in Queensland,
There are 35,000 small businesses on the Sunshine Coast.
About 20,000 are expected to benefit from $650 off their business energy bill thanks to this year’s 2023-24 budget rebate.
This $650 is in addition to another $550 off your home energy bills.
The announced energy budget rebates prepare Queensland for the future, with heavy investment in our Energy and Jobs Scheme, sparking new industries and jobs in the regions.
In addition to the $650 rebate for small businesses and the $550 cost-of-living rebate on electric bills for households, there is a $700 cost-of-living rebate on electric bills for vulnerable households, plus $ An additional 372 under the Queensland Electricity Rebate Scheme, bringing total rebates for Queenslanders making it harder to $1,072.
All of this is only possible because we own our public assets and ensure that Queenslanders, especially in our regions, get a fair share of today’s high coal prices.
Public ownership ensures that the profits from the state’s major electricity assets flow back into the pockets of Queenslanders.
Under the LNP, energy prices went up 43% and they did nothing to change this.
Citations to be attributed to Minister for Employment and Small Business and Minister for Training and Skills Development and Minister for Juvenile Justice Di Farmer
“This budget helps ease the national cost of living pressures affecting Queensland and many of our small businesses and all households will pay less for electricity in 2023–24.
“We are providing substantial support that offsets typical increases in utility bills in 2023-24.
“Queensland’s small and medium-sized businesses will benefit from $35 million over three years to help them reduce their electricity bills, while $6.2 million will provide ongoing support to regional businesses affected by the removal of outdated tariffs in 2021.
Quotes to be attributed to Caloundra member Jason Hunt
“Small businesses are the heart and soul of Caloundra and the Sunshine Coast and I know that every little bit helps, especially those feeling the pressure of the national cost of living.
“We have acted and put money back in the pockets of Queenslanders.
“There are around 20,000 small businesses on the Sunshine Coast that are expected to benefit from a $650 discount on their commercial energy bill. Plus, another $550 off your household bill makes all the difference.”
Media Contact: Gary Shipway 0458 090 906
https://statements.qld.gov.au/statements/97984
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