Australian Federal Budget Announcement
MaxiTRANS has backed the Federal Government’s plans to support Australian businesses to invest, grow and create more jobs through the latest targeted tax incentives.
The introduction of the temporary full expensing and access to previous year losses, will enable more customers in our industry to access and invest in new and safer transport equipment.
What's included in the Government's Budget announcement?
Businesses with a turnover of up to $5 billion will be able to write off the full value of any new eligible asset they purchase for their business.
For small and medium businesses, with a turnover of up to $50 million, this will also include second-hand assets.
The new support announced in October 2020 is extended to 30 June 2022.
The budget announcement also sets out the Government’s $110 billion infrastructure pipeline, including $14 billion in new and accelerated infrastructure.
How can MaxiTRANS help your business?
MaxiTRANS bulk transport brands, which include Hamelex White, Lusty EMS, Trout River and AZMEB, are well known within the industry and respective segments in which they specialise. MaxiTRANS already has a large range of both new and pre-owned trailers already in stock and available to purchase now across its brands ready to assist with urgent infrastructure projects.
This also extends to our other market leading brands, Freighter, Maxi-CUBE and Peki, which too fit within the temporary full expensing capital purchase rules.
MaxiTRANS’ understanding is that the temporary full expensing incentive is available on all new capital purchases, not just a one off purchase. It also extends to capital upgrades to existing equipment which customers may wish to take advantage of. This includes axle and suspension replacements, new curtains or tarps and replacement fridge plants, in addition to many other upgrades accessible through MaxiTRANS service and parts.
For our customers looking to invest and take full advantage of the Government’s announcement, we encourage you to contact your accountant or financial adviser to discuss how you could benefit. All while knowing you are investing in high quality Australian-made products and supporting the Australian economy.
Please note MaxiTRANS does not provide financial advice to its customers, MaxiTRANS suggests customers contact their own financial provider to discuss.