STATEMENTS BY MEMBERS

Ms TEMPLEMAN (Macquarie) (13:32): Over the last few days, I've had many conversations with hardworking small businesses on the planned changes to capital gains tax. I want to thank all those businesses I've spoken with, especially for the confidential information they've entrusted me with. I built a small business and ran it for 25 years.

I know what it is to build a business from scratch with only your brain and a computer, so I appreciate why businesses with low capital startup costs are asking questions. I want to ensure that, as we refine these important reforms, the circumstances of all small businesses—not just tech startups—are recognised and considered. It takes a huge leap of faith to decide to work for yourself and then create a business that employs people.

You take a risk, and you take on the responsibility for not just your own family but many others. A lot of new owners don't go into it thinking they'll build fast and sell. They go into it wanting to establish a long-term business that they hope to grow over time.

I grew up in small business by my dad's side. I grew my own small business. I don't think I can do anything other than put myself in the shoes of small-business owners, including those across the Blue Mountains, the Hawkesbury and Nepean.

That's what I'll be doing as we make these reforms that will ultimately put all Australians on a fairer footing.