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Government Business Stimulus Package

News / Government Business Stimulus Package

Dear Valued Customer,

The recent Business Stimulus Package announced by The Australian Government presents a great opportunity for our Customers, particularly until 30th June 2020. Two of the Business Investment measures are summarised below based on what has been published by the Government. Please be advised we are not offering Financial or Taxation advice, we recommend you seek independent advice to ensure your eligibility to take full advantage of the incentives on offer.

Instant Asset Write Off:

The scheme on offer may allow a Tax break when you purchase a New or Used Business related asset and have it delivered before 30th June 2020. The major changes are that the write off dollar amount has increased from $30,000.00 to $150,000.00 and have increased the number of Business’s that qualify by increasing the aggregate turnover of an eligible Business from $50 million to $500 million.

Backing Business Investment:

For larger Business-related purchases (above $150,000.00) the Government has introduced for a limited time only a 15-month investment incentive (through to June 2021) to eligible Business’s with turnover of less than $500 million. This allows a deduction of 50% of the cost of the eligible assets with existing depreciation rules to apply on the remaining balance of the asset cost.

Hutton & Northey Sales can assist eligible customers to participate in the Government Incentive Programs.  We have a pricing advantage of up to 10% on our current 2019/2020 new dealer stock over our forward order stock pricing, which is being impacted by falling exchange rates and the current world economic situation.

Attractive Finance Packages compliment the purchasing opportunities and we also have a wide range of quality Trade Machinery that may qualify for the above incentives.

Please click below and view our Current list of Dealer Stock and please contact us for an obligation free quote.

                                                                  

If we do not have what you require in stock, please do not hesitate to call and we can endeavor to meet your requirements.

John Lombardini
Dealer Principal / Sales Manager
0428 412 490
lombo@hutnorsales.com.au