Aust start-up sector lagging | Business Spectator

Treasurer Joe HockeyThe Hon. Joe Hockey, Federal Member for North Sydney Treasurer from 18.9.13 to 21.9.15 made support for start-ups a feature of his second budget, pointing out the benefits to the economy when a company goes from nothing to multi-billion dollar giant in a few years.”When you can have businesses in this world that were small businesses, start-ups, just a few years ago and suddenly become the great disruptors of the global economy, we have that capacity as well in Australia, we’ve just got to give people a chance,” he said as he unveiled the budget last week.The government announced a string of measures for entrepreneurs, including making it easier for them to crowdsource funding and allowing start-ups to offer shares in their company to staff, without subjecting them to premature taxes.But those in the industry say the government needs to do much, much more if it wants to keep up with the competition.

Source: Aust start-up sector lagging | Business Spectator

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