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May 14, 2021

Government extends asset write-off program

Government extends asset write-off program

The Federal Government has extended the instant asset write-off program until June 2023. The program allows businesses with up to $5 billion in aggregated annual turnover or total income to immediately deduct the full cost of eligible depreciable assets of any value. Member for Leichhardt Warren Entsch said the program extension, announced in Tuesday’s Federal…

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