• Loadshift Editor

NEW! Instant Asset Write Off Extended

In a bid to help the economy by stimulating the transport industry, the government produced an instant asset write off scheme of up to $150,000, increasing the scheme from $30,000 as of March 2020. The extension is for another 6 months and as PrimeMover mag states, "It represents a major win for the road transport industry in which the new threshold for each asset purchased for under $150,000 can be accessed multiple times."

In a joint statement with Michaelia Cash Minister for Employment, Treasurer Josh Frydenberg stated, "They [instant asset write off schemes] are designed to support business sticking with investment they had planned, and encouraging them to bring investment forward to support economic growth," they said.

Sources: ATN, PrimeMoverMag

Take Advantage of the Scheme Today

The Asset Finance Shop is one of many deals and resources as an additional benefit for active Carriers in Loadshift. Get in touch with Colin from The Asset Finance Shop today and take advantage of this instant asset write off scheme!

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