The Federal Government has announced a $17.7billion Economic Stimulus Package, aimed at stimulating the economy off the back of the World Health Organisation declaring the coronavirus a pandemic.
$700 million will be injected into the economy by increasing the instant asset write-off threshold from $30,000 to $150,000, and access to the write-off will also be expanded to include businesses with aggregated annual turnover from $50million to $500 million.
The expanded write-off is a great opportunity for SMEs to invest in new vehicles, technology, machinery, equipment or any business-related purchase.
So, if you are a small or medium business owner, contact us for our fantastic vehicle purchase service
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Or if you’d like to purchase new equipment, technology, etc contact us for our competitive business finance.
Or, feel free to call us on 8004 2222 or 0411 216 849.