Federal Treasurer Scott Morrison delivers an address to the Australian Financial Review Banking and Wealth Summit in Sydney yesterday
Federal Treasurer Scott Morrison delivers an address to the Australian Financial Review Banking and Wealth Summit in Sydney yesterday DAN HIMBRECHTS

Treasurer calls on businesses

FEDERAL Treasurer Scott Morrison has challenged big businesses to step up and explain their worth

to the Australian community.

In Sydney yesterday at a financial conference, Mr Morrison said the big end of town had a "reputation” issue with the general public.

"Large business representatives, there is a strong need for them to address the broader collective, and I stress collective, reputation issues that large busi- nesses have with the Australian public,” he

said in a speech to a financial conference in Sydney.

"These perceptions are being cynically exploited by an opportunistic Labor Party.

"Large business needs to apply itself collectively and urgently to this task of communicating their value, not about necessa- rily even advocating particular measures, and not for the sake of the Government, not for any partisan interest, but to do so in the interests of the Australian economy.”

Mr Morrison also attacked big business for not doing enough to support the government's company tax cut plan.

"This task cannot be pursued by the govern- ment in isolation,” he said.

"Business has a critical role to play in demon- strating to the Australian people that as their business grows, their employees will benefit.”

Opposition finance spokesman Jim Chalmers told the ABC the Treasurer was "so substantially reduced and diminished that he's resorted to begging the big business in this country to do his job for him”.



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