Quick facts to assist in understanding what is now available from March 12th 2020 via the Economic stimulus package.
$150,000 instant asset write off
a) Any Eligible asset(machinery, etc) with a purchase price of $150,000 or less (excluding GST) acquired from March 12th to June 30th 2020
b) Asset can be NEW or USED
c) 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.
d) There is NO LIMIT to the number of assets acquired under this initiative
e) Assets can be purchased outright or financed
f) This initiative is ONLY available until June 30th 2020 and as such is very small window of opportunity.
TO READ MORE ABOUT THE INITIATIVE CLICK HERE
FOR THE TERMS AND CONDITIONS CLICK HERE