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 ‘small business’? | Fair Work Commission Australian Small Business & Family Enterprise Ombudsman - Welcome | ASBFEO Australian Taxation Office - Small business entities | Australian Taxation Office