IPA welcomes the annoucement of the first Abbott ministry

The Institute of Public Accountants (IPA) congratulates Prime Minister Tony Abbott on appointing Small Business Minister Bruce Billson MP to the Cabinet.

"We acknowledge that the Prime Minister  has for the first time elevated Small Business to Cabinet in its own right and we are delighted that the largest segment of the economy will have a strong, vocal and effective advocate in Minister Billson," said IPA chief executive officer Andrew Conway.

"This appointment is the culmination of a significant amount of work, policy development and outreach undertaken by Minister Billson over many years and we look forward to continuing to work with him.

"We are hopeful that the combination of an experienced and focussed Cabinet with a logical structure will lead to certainty, stability and clear lines of authority.

"We congratulate the Prime Minister on assembling a strong economic team with Joe Hockey, Mathias Cormann, Bruce Billson, Arthur Sinodinos and Steve Ciobo.

"We wish the Prime Minister, Treasurer, Ministers, Assistant Ministers and Parliamentary Secretaries all the best in the discharge of their offices. We look forward to working with the Government to ensure good outcomes for small business owners and operators across Australia," said Mr. Conway.