Instant asset write-off extended to 30 June 2026
Legislation has passed the Senate extending the $20,000 instant asset write-off and introducing wider measures to strengthen Australia’s financial and consumer protections.
Small businesses with annual turnover under $10 million can continue to immediately deduct eligible assets costing less than $20,000.
What’s included in the amendment bill
The Treasury Laws Amendment (Strengthening Financial Systems and Other Measures) Bill 2025 also introduces additional reforms, including:
- Extending laws targeting energy market misconduct and improving consumer safeguards
- Increasing transparency around ownership of publicly listed companies
- Enhancing the Australian Charities and Not-for-profits Commission’s powers to protect sector integrity and maintain public trust
What this means for businesses
The changes aim to provide practical tax relief, give business owners more confidence to invest and strengthen protections in key markets. The extended instant asset write-off offers an opportunity to bring forward eligible asset purchases before the deadline.
If you’d like advice on planning asset purchases or maximising available tax incentives, speak with Allan Hall today.
CONTACT ALLAN HALL BUSINESS ADVISORS
Extending the measure to 30 June 2026 is intended to support cash flow, encourage investment and help businesses upgrade equipment or adopt new technology. Up to 4.1 million small businesses are expected to benefit.