Jane Prentice MP, Federal Member for Ryan - Coat of Arms
HON. JANE PRENTICE MP
Federal Member for Ryan
Assistant Minister for Social Services and Disability Services
JANE PRENTICE MP, Federal Member for Ryan

Media Releases

Extending the instant asset write-off

Tuesday, 12 June 2018

Extending the instant asset write-off

The Turnbull Government is continuing to back small business – introducing legislation to extend the instant asset write-off.

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.

Hon Jane Prentice MP, Federal Member for Ryan, welcomed this announcement and said that the write-off has already helped many small businesses in Ryan.

“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.

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636 Moggill Road
Chapel Hill Q 4069

Ph: 07 3378 1599
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