A lottery win for small businesses
Small business lottery agents have had a win that will help their long term sustainability.
The Western Australian Government has announced a suite of initiatives to help newsagents and lottery retailers, including an increase in the commissions they receive for selling Lotterywest products.
The 10.8 per cent increase, effective from December, means Lotterywest continues to pay the highest retailer commission in Australia.
As Small Business Commissioner, I contributed insight to a panel that reviewed Lotterywest sales channels, and methods to secure an even stronger return for the Western Australian community through Lotterywest grants.
At the Small Business Development Corporation (SBDC), we are very pleased with the outcome as we know retailers have faced challenges over the past few years.
About 500 retail businesses earned $63 million selling Lotterywest products last year, providing a livelihood to thousands of hard working Western Australians.
The new initiatives include:
- an increase in the total gross commission for retailers
- opportunities for retailers to benefit from online growth through a 'omnichannel approach' and digital communication initiatives
- an enhanced membership program
- improved Lotterywest retailer management and support services
- a suite of support services, including retailer mentoring and sales coaching.
The SBDC plays an important advocacy role to all levels of government, promoting the fair treatment of small business by assisting public sector bodies to consider the impact of legislation and policies (red tape) on small businesses.