The Marshall Government has welcomed BankSA’s latest State Monitor survey results – released today – which shows business confidence remaining steady at an eight-year high, with more jobs set to be created.
The BankSA State Monitor November 2018 shows a sharp rise in the number of businesses that have employed new staff over the past three months, while those intending to create new jobs in the coming three months has risen to its highest level in more than a decade.
Premier Steven Marshall said the results – the second since the change of Government in March – were a clear sign of support for the pro-business agenda of the new Liberal Government, highlighted by tax cuts, lower costs and better services.
“These results are a step in the right direction and show a healthy optimism among South Australia’s business community about the future,’’ said Premier Marshall.
“It’s clear there has been a been a significant turnaround for South Australian businesses this year, and we’re pleased to see business confidence steadily improving since the election.
“But there’s still a significant amount of work to do.
“Importantly, we are delivering on our key election promise to lower costs for businesses and families, with $613.1m in tax cuts provided in the 2018-19 State Budget across payroll tax, the Emergency Services Levy and land tax to create jobs and grow the economy.
“From January 1, payroll tax will be abolished for all small businesses – saving businesses up to $44,550 a year, which they can re-invest back into their operations to drive investment and help create jobs. Around 3 200 businesses will be exempt from payroll tax as a result of this reform.”