The Federal Government’s $20,000 instant asset write-off has been extended to June 30, 2019.
The Nationals Member for Gippsland Darren Chester said a 12-month extension of the program had been included in the Federal Budget.
The program allows an immediate tax deduction of an asset worth up to $20,000.
“Small businesses are the lifeblood of regional economies like Gippsland and I am pleased that the government has taken this opportunity to support local business owners who invest in their community,” Mr Chester said.
“Small business owners create local jobs. Likewise, small business is often called on to support sporting and community clubs.”
Mr Chester said in addition to government support of small business, community members should choose to shop locally and utilise local tradespeople at every opportunity.