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Morrison goes hunting for circuit breaker

A day out from the federal budget, Treasurer Scott Morrison has visited a small business across the ACT/NSW border which produces circuit boards.

Traditionally, treasurers spend the day before the budget hunkered down.

After the usual Sunday morning television roasting by Nine political journalist Laurie Oakes they focus on polishing their speech for Tuesday's delivery.

But not Scott Morrison.

He crossed the ACT border into NSW to visit a Queanbeyan small business with cameras in tow.

Lintek, which creates printed circuit boards, has a $6 million turnover but wants to boost it to $10 million.

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"Lintek and companies like Lintek are the hope of the side for Australia," Mr Morrison told reporters on Monday.

He also cited their role in the defence industry supply chain.

"It's just not the shipyards in Adelaide and Perth that benefit," he said, spruiking federal government investment.

Mr Morrison refused to directly confirm a company tax cut will feature in Tuesday's budget, but did refer to "backing-in" firms such as Lintek.

There will be measures to help businesses them save and reinvest, he foreshadowed.

The treasurer is promising an economic plan rather than a typical budget and Mr Morrison said workers, including those at the Lintek factory, will have to wait and see what tax relief they're in line for.

"All of that will be revealed tomorrow night," he said.

And the coalition will be hoping it's the right kind of circuit breaker to carry it through to an expected July 2 federal election.


2 min read

Published

Source: AAP



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