27 - What is a small business?
Understanding Small Business Definitions in Australia: Legal and Practical Insights In this episode of Business Know How, host Melissa Bush provides a comprehensive guide to understanding the varied definitions of small business in Australian law. From the Fair Work Act Australian Taxation Office, Australian Securities and Investments Commission, and the Australian Competition and Consumer Commission, Melissa breaks down how each agency defines small business and the implications for legal obligations, financial responsibilities, and access to support programs. She also introduces the New South Wales Small Business Month, highlighting its events and resources aimed at empowering small business owners. By the end of the episode, listeners will have a clearer understanding of which definitions apply to their business and why it matters.
00:00 Introduction to Business Know How
00:58 Understanding Small Business Definitions
03:07 New South Wales Small Business Month
06:38 Fair Work Act: Small Business Employer
08:50 Tax and Financial Definitions
12:07 Why Definitions Matter
14:35 Conclusion and Final Thoughts
https://www.smallbusiness.nsw.gov.au/small-business-month
Fair Work Australia - What is a âsmall businessâ? | Fair Work Commission
Australian Small Business & Family Enterprise Ombudsman - Welcome | ASBFEO
Australian Taxation Office - Small business entities | Australian Taxation Office
