Following the release of key strategies during his Budget speech, Treasurer Josh Frydenberg visited Western Sydney synthetic sling manufacturer SpanSet, to learn first-hand what these strategies will mean to local industry.
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Tax relief allows businesses to fully write off new assets
Around 99 per cent of businesses will be able to write off the full value of assets they purchase as part of the Federal Government’s response to COVID-19.
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Instant asset write-off scheme extended
The Federal Government has extended the $150,000 instant asset write-off for another six months to 31 December 2020.
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Small to medium businesses to benefit from $66B stimulus package
A total of $189 billion injected into the economy to keep small and medium businesses operating during the COVID-19 outbreak.
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