7 QUICK FACTS TO ASSIST IN UNDERSTANDING WHAT IS NOW AVAILABLE UNTIL JUNE 30TH, 2020 VIA THE AUSTRALIAN GOVERNMENT’S ECONOMIC STIMULUS PACKAGE*.

BOTH of the 2 initiatives shown below are available to ALL businesses with an annual turnover of less than $500 mil.

$150,000 INSTANT ASSET WRITE OFF.

  1. Any eligible asset (vehicles, machinery etc) with a purchase price of $150,000 or less
    (excluding GST) acquired from March 12th to June 30th 2020.
  2. Asset can be NEW or USED (including Private Sales).
  3. The $150,000 limit is available for each individual asset and therefore multiple assets
    (totalling more than $150,000) can be claimed under this arrangement.
  4. There is NO LIMIT to the number of assets acquired under this initiative.
  5. Assets can be purchased outright or financed on Chattel Mortgage or CHP
  6. This initiative is ONLY available until June 30 2020 and as such is a very small window of
    opportunity. ACT NOW.

50% INSTANT DEPRECIATION WRITE OFF (ON ASSETS OVER $150,000).

  1. Any eligible asset (vehicles, machinery etc) with a purchase price GREATER THAN $150,000
    (excluding GST) acquired from March 12th to June 30th 2021.
  2. Assets MUST be NEW (NOT USED).
  3. There is NO LIMIT to the number of assets acquired under this initiative.
  4. Assets can be purchased outright or financed on Chattel Mortgage or CHP.
  5. This initiative is available for 15 months (until June 30 2021).
  6. This extended initiative will also be applicable to assets of $150,000 or less for an extra year
    once the $150,000 Instant Asset Write Off has expired on June 30 2020.

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