- Queensland small to medium sized businesses will benefit from $35 million over three years to support them to reduce their electricity bills.
- $6.2 million will deliver ongoing support for regional businesses impacted by the phase-out of obsolete tariffs in 2021.
- about 205,000 eligible small businesses receiving a $650 rebate on electricity bills in 2023-24 to cut the cost of doing business in Queensland,
There are 35,000 small businesses on the Sunshine coast.
Around 20,000 are expected to benefit from $650 off their business power bill thanks to this year's 2023-24 budget rebate.
This $650 is in addition to a further $550 off household power bills.
Announced budget power rebates set Queensland up for the future, with major investment in our Energy and Jobs Plan, unleashing new industries and jobs in the regions.
As well as the $650 small business rebate and the $550 Cost of Living Rebate on electricity bills for households, there is a $700 Cost of Living Rebate on electricity bills for vulnerable households, plus a further $372 under the Queensland Electricity Rebate Scheme, bringing total rebates for Queenslanders doing it toughest to $1,072.
All of this is only possible because we own our public assets and we are making sure Queenslanders – especially in our regions – are getting a fair share from current high coal prices.
Public ownership ensures profits from the state's major electricity assets are funnelled back into the pockets of Queenslanders.
Under the LNP, power prices went up 43% and they did nothing to change this.
Quotes to be attributed to the Minister for Employment and Small Business and Minister for Training and Skills Development and Minister for Youth Justice Di Farmer
"This Budget helps ease national cost of living pressures impacting Queensland and many of our small businesses and all households will pay less for electricity in 2023–24.
"We are delivering substantial support that offsets typical business electricity bill increases in 2023-24.
"Queensland small to medium sized businesses will benefit from $35 million over three years to support them to reduce their electricity bills while $6.2 million will deliver ongoing support for regional businesses impacted by the phase-out of obsolete tariffs in 2021.
Quotes to be attributed to the Member for Caloundra Jason Hunt
"Small businesses are the heart and soul of Caloundra and the Sunshine Coast and I know every little bit helps – particularly those feeling the pinch of national cost of living pressures.
"We've acted and put money back in the pockets of Queenslanders.
"There is around 20,000 small businesses on the Sunshine Coast expected to benefit from $650 off their business power bill. Plus a further $550 off your household bill makes a difference."
