The Treasury Laws Amendment (increasing the Instant Asset Write-Off for Small Business Entities) Bill 2019 was passed by the Senate and the House of Representatives this morning, to increase the threshold to $30,000 and expand the eligibility to medium sized businesses with a turnover of less than $50 million.
However, the Bill does not become law until it receives Royal Assent.
Privacy Policy | Disclaimer | Site Map
Liability limited by a scheme approved under Professional Standards Legislation