Gibson said SME owners would be pleased with changes to rules around assets, which allow expenses of up to $A20,000 in depreciating items each year to be claimed by companies with a turnover of less than $10 million.
“It’s a very sensible extension,” she said. ‘In fact we would have liked to have seen this made permanent.”
Gibson also praised the government’s infrastructure announcement, which will see $A75 billion in funding rolled out over the next 10 years.
“For contractors and traders and any small business operating in those areas it’s going to create opportunities going forward,” she said.
Gibson also touched on incentives announced to tackle red tape and the implications of the new foreign worker levy. Watch the video above to find out more.
Gabrielle Mitchell is a contributing editor at bluenotes
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