The government missed an opportunity to stimulate the move to a low carbon future
with its October 2020 Budget. But businesses can supercharge a green recovery
using the government's own measures. The biggest single measure in the budget,
worth an estimated $26.7 billion, is focused on encouraging businesses to invest
freely through full asset write-offs. This is an opportunity for businesses to
supercharge Australia's transition to net zero emissions.
The tax incentives include:
• the temporary full expensing measure—the largest single line item in the budget
• instant asset write-offs, and
• the extension of the research and development tax incentive.
These incentives total an investment opportunity of nearly $30 billion, according
to the Treasury estimates.
For more information go to Green Recovery - Zali Steggall