A new bill before Parliament proposes an extension of the $20,000 instant asset write-off for eligible small businesses through to 30 June 2026.
If passed, businesses with a turnover of less than $10 million can:
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Instantly deduct eligible asset purchases under $20,000
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Claim multiple deductions if each asset qualifies
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Improve cash flow by bringing forward deductions into the current financial year
Also in the Bill:
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Stricter disclosure rules for equity derivatives by listed companies
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Transparency powers for the ACNC to name charities under investigation
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Reduced review frequency for ASIC and APRA from 2 years to 5 years
What You Should Do:
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Start planning purchases and installation dates now
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Review governance and compliance systems (for charities and listed entities)
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Monitor for when legislation passes
This proposed extension could deliver practical tax relief, but proactive planning is key.
