“With more than 1.4 million family businesses operating in Australia, today is a timely reminder to recognise and celebrate the contribution they make to the nation’s economy,” said the Australian Small Business and Family Enterprise Ombudsman, Kate Carnell.
“Family businesses come in all shapes and sizes. There are our iconic Australian family businesses, such as A. H. Beard, Akubra Hats, Ugg Australia and Haighs Chocolates.
“The franchise sector is full of family business stories – franchisees and franchisors. Think bakery giant Bakers Delight, respected skincare company Ella Baché and multinational automotive company Pedders – all family franchisors.
“Rural and remote family businesses have a significant local economic impact on employment and incomes, and add to the breadth of a region’s business mix.
“Research indicates family businesses are highly trusted in the community, and family businesses in Australia are known for their long-term view and sustainable approach to growth.
“There is a greater sense of commitment and accountability because the needs of the family are at stake, and family members often wear several ‘job’ hats to ensure the success of the company.
“We encourage everyone to recognise and celebrate Australia’s family enterprises today and every day.”