BUDGET 2013: ACCI welcomes oppn super plans


A coalition plan to delay an increase to the superannuation contribution guarantee shows Opposition Leader Tony Abbott is sensitive to the plight of small business, a lobby group says.

Australian Chamber of Commerce and Industry (ACCI) chief executive Peter Anderson says Mr Abbott's budget reply speech to parliament last night would increase the focus on small business in the lead-up to the September federal election.

"The combination of the new announcement to defer for two years the hikes in the compulsory superannuation levy, the intended abolition of the carbon tax and the planned root and branch review of competition policy show a welcome sensitivity to the plight of small business," Mr Anderson said.

"Small employers, buffeted by rising costs and declining profitability, can only keep funding the retirement incomes of staff if they are strong and profitable."

Mr Abbott also reaffirmed cuts to business red tape, a review of competition policy and that small business would be a cabinet portfolio within the Treasury department.