HomeNewsTheo Maras calls for greater help to prevent hospitality industry from crumbling

Theo Maras calls for greater help to prevent hospitality industry from crumbling




Prominent businessman Theo Maras has called for more help for the hospitality industry saying there are 35,000 people employed in it, and its survival is key to South Australia’s recovery.

Mr Maras said the industry employed huge numbers of young people who were at risk of becoming a lost generation if it wasn’t given more assistance.

“When Holden closed down everyone threw their arms up in the air and it was eight, nine, 10,000 people (once indirect jobs are factored in),’’ he told a Business SA lunch.

Property developer Theo Maras has been appointed chairman of the Adelaide Central Market Authority. Photo: Roger Wyman/The Advertiser

“35,000 young people are on the cliff edge in South Australia at the moment. If we lose them, if we lose that industry, all of those young people are going to be out of work.”

Mr Maras and Business SA chair Nikki Govan said Fringe Benefits Tax should be removed from business hospitality, with Ms Govan saying we needed to “bring back the long lunch’’.

Ms Govan, who also runs Star of Greece restaurant at Willunga, said restrictions meant restaurants could not run at full capacity and were suffering. Mr Maras also made the point that the Federal Government would recoup tax through GST should the FBT be lifted in this area.

Martin Haese, chief executive of Business SA, with chair Nikki Govan. Photo: The Advertiser

“The young people in our state are the future of our state and they’re the people who spend, they are consumers and we’ve got to look after them.’’

Business SA lobbied, as did other groups such as the Australian Hotels Association, for FBT changes prior to the recent Federal Budget.

Business SA is also this week advocating for a dedicated funding support package for businesses in the tourism and events supply chain, saying we’ve fallen behind other states.

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“South Australia is the Festival State, and our festivals and events need more support,” Business SA chief executive Martin Haese said.

Mr Haese said South Australia had been eclipsed by the Tasmanian Government, which this week announced grants of up to $5000 for smaller business and up to $100,000 for businesses with a larger turnover.

Sourced By: Adelaide Now

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