The Hon Tony Smith MP’s call to reverse the detrimental Tax Legislation of 2009 was an encouraging start to the year. In his keynote speech at the Annual EOANZ Conference in May, his support and belief in the contribution of ESS to the national economy was welcomed by attendees at the national conference in May. “I am a fully paid up supporter of employee share ownership – but what we need to do is grow the membership base – and we have started to do so with these outstanding new fans in the parliament. And I know as we all keep working together in the coming months, there will be more and more who join our cause.”
"Australia is now in a transition period, economically and socially. The need to encourage innovation, reinvigorate industry and drive productivity is paramount. Research worldwide provides evidence that employee ownership and employee share schemes contribute to productivity, employment and growth. The advocacy work of EOANZ, in particular our presentation to the Federal Government Treasury Committee in March, calling for widespread reform of employee share schemes has seen our case represented at the highest levels of government. There are now positive indications across the political spectrum that reform is imminent and that “start-up” reform should only be the beginning."
Tony Smith MP, Chair of the Federal Government Economics & Finance Committee and Federal MP for Casey.