AUSTRALIA | The Restaurant and Catering Association of Australia's FBT policy has been adopted by the Liberal and National coalition opposition.
After 25 years of advocacy, the Restaurant and Catering Association of Australia has said it was encouraged to see that the Coalition has adopted its FBT policy.
Restaurant and Catering Association said it was proud to support the Coalition's proposed FBT policy to introduce a $20,000 tax deduction for small business lunches, which promises to revitalise the hospitality sector.
This initiative, announced by Opposition Leader Peter Dutton, has been labelled a significant step towards alleviating cost pressures on small businesses and boosting spending in hospitality venues across Australia.
Restaurant and Catering Association CEO, Suresh Manickam, emphasised the potential positive impact on both small businesses and hospitality venues.
"This FBT policy is a win-win, encouraging businesses to invest in their staff or clients while driving increased patronage and spending at hospitality venues," said Manickam.
This initiative has been a direct response to the challenges faced by the sector, in the hope of driving economic recovery. The Restaurant and Catering Association was pleased to have advocated on this FBT policy and has remained committed to advocating for similar policies that support the growth and sustainability of the hospitality sector while providing essential support to small businesses across Australia.
Finally, Manickam said he was pleased that the coalition has adopted the FBT policy going into this year's general election and would encourage the ALP government to also embrace the FBT policy.
This has been the Restaurant and Catering Association’s latest pledge to the government. Last year, it urged the Victorian Government to reconsider its proposed gas ban.
"The Victorian Government is proposing to make it much harder for everyday Victorians to open a new café or restaurant, particularly in the state’s growing outer suburbs,” said Manickam.
“The cost-of-living crisis coupled with skyrocketing energy costs mean that hospitality owners are already struggling with skyrocketing costs, this proposal adds another unnecessary hurdle, making it even tougher to succeed."
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