Get the App
1 Min Read

Shivani on the 2022 budget - whats in it for women in business



With the budget this year aiming to scale back on 2021 spending, it’s left many women and small business owners questioning what support can be expected for them. Our Founder and CEO Shivani Gopal commented on these topics in this Smart Company  article.

“The budget appears to have many issues left on the table: especially for women in business.

“Superannuation payments on PPL would barely make a dent in the budget, but it would go a long way in meeting women’s superannuation gap, often at a third of men’s superannuation balances by the time of retirement. This issue was addressed heavily in March of this year, yet left untouched in last night’s announcement.

“Watching the budget I was encouraged to see support in funding for violence against women initiatives, families and childcare. But I earnestly waited for announcements of support for key areas in which women need additional investment: leadership, STEM and entrepreneurship, but towards the end of the speech it dawned on me: there is nothing coming for us.

“The ‘why’ of these support measures can be quantified in numbers: women make up less than 35% of key management personnel according to WGEA, despite being 50% of the population. Women earn less than 3% of the world’s VC capital, and Australia’s VC opportunities are slimmer still, compared to the VC global appetite.

“Women in business appear to have moved off the back of tonight’s budget, from being an afterthought to being forgotten altogether. We welcome support for families. Bit news flash 2022 Labor Government: not all parents are mothers. Not all women want to be mothers. As voting citizens, they need budgetary support too.”

Keep yourself connected.

Sign-up for our newsletter here.

I really think a champion is defined not by their wins but by how they can recover when they fall.” – Serena Williams
“Tremendous amounts of talent are being lost to our society just because that talent wears a skirt.” – Shirley Chisholm
“I raise up my voice—not so I can shout but so that those without a voice can be heard… We cannot succeed when half of us are held back.” – Malala Yousafzai
“At the end of the day, we can endure much more than we think we can.” – Frida Kahlo
“Have no fear of perfection; you'll never reach it.” – Marie Curie
“Think like a queen. A queen is not afraid to fail. Failure is another stepping stone to greatness.” – Oprah Winfrey
“You cannot shake hands with a clenched fist.” – Indira Gandhi
“There's power in allowing yourself to be known and heard, in owning your unique story, in using your authentic voice.” – Michelle Obama
“If you're always trying to be normal, you will never know how amazing you can be.” – Maya Angelou
‘Sometimes challenges seem enormous, but if you can connect with others working towards the same goal, it becomes more achievable.’ — Tracey Spicer
"It took me a long time to appreciate rather than hate the drama side of me." Jana Pitman
"Elevate that woman next to you... Amplify the efforts of women around you. Speak up for other women." — Catherine Fox AM