North Sydney Sun April 2022 issue

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Jilly’s brunch with Kylea Tink | Minskys for sale | Winning bike ramp design picked

April 2022 Issue 12

News and views for North Sydney’s residential and business communities

www.northsydneysun.com.au

Federal budget tax rebates for training, digital spend to benefit local business North Sydney federal MP Trent Zimmerman has hailed his government’s federal budget as a kickstarter for local businesses and a source of cost of living relief for households. A centre piece of the budget, delivered by treasurer Josh Frydenberg, was the Technology Investment Boost. Small businesses with an annual turnover of less than $50 million can now claim a bonus 20 percent deduction for the cost of expenses and depreciating assets, up to $100,000 of expenditure per year. Eligible expenditure includes items such as portable payment devices, cyber security systems and subscriptions to cloud-based services. “As someone who’s passionate about the role of North Sydney in the digital economy, this was one of the most exciting aspects of the budget,” Zimmerman told the Sun. “This is just so important to allowing small businesses to compete, both against bigger businesses, but also on the global stage, as well.” “And, I think actually, in the medium term, this will be one of the most significant elements of the budget. There’s also a similar deduction available for training as well.” Zimmerman believes that the $1 bil-

lion boost this provides to the digitalisation of the economy will have big positive consequences for the competitiveness of small business. “The Reserve Bank said a couple of years ago that the challenge that a lot of small businesses have, in terms of being able to compete, being able to offer higher wages, when a lot of their costs are still being sunk in old technology. So, I’m hoping that this will be the financial incentive that will help drive a lot of small businesses to re-evaluate to take advantage of what’s a very generous deduction.” “The other aspect of the digital economy which I think is really important, is the focus on cyber security. We’re spending about almost $10 billion increasing our capacity to strengthen our cyber defences, which I think is really important.” Zimmerman also believes the 20 cents per litre reduction in fuel excise for the next six months will be appreciated by business and residents alike. “There are 95,000 cars in the electorate. And, all of us have seen with horror the impact of Ukraine on petrol pump prices. By September we’re hoping the price internationally will have

stabilised and returned something closer to normal. This relief is a really important way of addressing what is a major cost-of-living pressure.” “I also think it benefits businesses and their employees. I’ve got a staff member myself who travels to work each day from the Central Coast andsometimes, with the rigours of this job, he drives if he’s going home late at night or starting early in the day. So, he was providing the feedback that he wondered where his salary was going and he realised it was going into his petrol tank,” he added. Zimmerman also said that he believed the government had a strong story to tell in health care, pointing to the development of domestic MRNA COVID vaccine manufacturing and an overall investment that has seen “record funding going to our local health district, which means record funding for institutions like the Royal North Shore Hospital from the federal government. If we look comparatively to overseas, there are 40,000 deaths that have been prevented in Australia that would've happened if we’d had a response or had Continued Page 6

Tink: I’m not in this to run second Independent candidate for North Sydney Kylea Tink says she is aiming to top the May election primary vote as she dismisses speculation about how preferences might flow. With two strong challengers vying to unseat incumbent MP Trent Zimmerman in the form of Tink and ALP candidate Catherine Renshaw, there has been speculation as to how recommended preferences may impact the final result. Tink’s camp has indicated that they will not be formally directing preferences and prefer voters to make up their own minds. But this has dismayed some in the local centre left, who believe the best chance to unseat Zimmerman is through a tight exchange of preferences between his challengers. Tink will hear none of it, telling North Sydney Sun her goal is to finish first on primaries so that the preferences of her voters don’t matter. “A vote for Kylea is a vote for true change in this community. So I make no apologies. I’m asking for people’s number one. And if I get enough number one, the preferences won’t matter,” Tink says. “So I’m not in this to run

second. I’m in this to actually take North Sydney’s voice purely to the top from the get go.” “It serves the parties’ purposes to get into an argument about preferences because quite frankly if people give me their number one, I don’t need preferences. It’s also why I’m not instructing people where to put their preferences because as far as I’m concerned, the only preference I have control over is the one that goes on my voting paper, because that’s my right as a voter.” Tink believes that it serves the major parties to create uncertainty and fear. “The definition of insanity is doing the same thing again and again and expecting a different result. We have been locked up in this two party system for two decades,” a reference to the hold the Liberals have had on the seat since the retirement of independent Ted Mack in 1996. “We’ve known about climate change since 1989 and we have gotten nowhere. It is time to try something different. And quite frankly, sending me to Continued Page 5 Canberra as an


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