REDUCING THE COST OF DOING BUSINESS

Between 2017-18 to 2020-21, annual costs of doing business have reduced by nearly $5200 for an average business and $7730 for
a small business.

Business information Average Business Small Business*
Total Payroll ($) 5,500,000 750,000
Capital value of property ($) 1,779,000 1,525,000
Land value of property ($) 1,156,350 991,250
Water usage (kL) 409 335
Electricity usage (kWh) 20,000 20,000
Size of vehicle fleet 5 2
   
Savings$$
Payroll tax 0 3,750
Land tax 2,008 1,348
Emergency Services Levy 124 107
Water bill 1,503 1,242
Electricity bill 1,112 1,112
Compulsory Third Party 430 172
Total savings 5,178 7,730

DTF modelling
*Example based on a small nursery business.

LOCAL GOVERNMENT INFRASTRUCTURE PARTNERSHIP PROGRAM (LGIPP)

$106.9m

The LGIPP provides grant funding to support 57 projects across each of the 58 councils that applied for funding. This commitment will leverage an estimated total $270 million to $290 million investment in community infrastructure. Councils’ projects are expected to maximise the use of local contractors during the construction phase supporting local employment.


ADDITIONAL LAND TAX RELIEF

$10.7m IN 2021-22

Taxpayers negatively impacted by changes to land tax aggregation rules in 2021-22 will benefit from additional relief through the land tax transition fund. This initiative increases relief to 70 per cent of the relevant increase in 2021-22. The total value of estimated relief through the land tax transition fund across three years is now $48.7m.


PUBLIC SECTOR WORKFORCE REJUVENATION

A new scheme working alongside the existing TVSP scheme allowing workforce rejuvenation by making available an incentive to employees to separate from government employment. This is expected to create new public sector employment opportunities, including for graduates and trainees. Offers may be made to any employee who has a right to ongoing employment in the SA Public Sector. The scheme will not be open to general applications with offers made at the discretion of the relevant agency Chief Executive. Any decision by an employee to accept an offer would be voluntary. The scheme will operate until 31 December 2021, and provide a termination payment of $50 000 gross to employees with 10 years or more service, or $25 000 gross to employees with less than 10 years service. Pro rata for part-time employees.