Important – New definition of Small Business.

Up until the 1st January 2011 a small business was defined as having less than 15 staff on a 'full-time equivalent' basis (FTE). As from the 1st January this definition of FTE has changed to a ‘head-count’ basis where casuals and part-time are now counted.

The following example explains the implication; if a company was previously classified as small business in that they had 13 FTE plus on part-timer working 1.5 day a week and 2 casual, i.e. FTE was 13. Now under the new definition this company will not be classified small business as their headcount is now 16, i.e. not 13+1 part-time + 2 Casual = 16.
Better check what your head-count is!