The federal government will introduce legislation within months to protect small businesses from unfair contracts imposed by large companies such as supermarket chains, shopping centres and franchisors.
Prime Minister Tony Abbott and Small Business Minister Bruce Billson revealed the plans in Melbourne this morning, saying it is very important there is a level playing field in the economy between smaller and larger operators.
The changes were first announced in the 2014 budget at a cost of $1.4 million, fulfilling an election commitment that Billson had been promising for some time.
Speaking to SmartCompany this morning, the Small Business Minister said the reforms are critical because small businesses are the backbone of the economy and deserve an extra level of protection.