Tuesday, 12 June 2018
This legislation will deliver on our 2018-19 Budget announcement to extend the $20,000 instant asset write-off by a further 12 months to 30 June 2019.
“I have spoken with local business owners who have benefited from the instant asset write-off and I look forward to seeing it continue to positively impact small businesses across Ryan,” Mrs Prentice said.
Around 3.3 million small businesses with an annual turnover of less than $10 million are eligible to access the $20,000 instant asset write-off.
“The extension of this initiative benefits hardworking Australian small businesses, improving their cash flow and providing a boost to business activity and investment for another year,” Mrs Prentice said.
636 Moggill Road
Chapel Hill Q 4069
Ph: 07 3378 1599
Fax: 07 3378 1399
Sign up below to receive my regular e-newsletter.