MaxiTRANS and Industry Successful with Federal Government’s Instant Asset Write-off Extension

MaxiTRANS Government Stimulus extension announcement

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MaxiTRANS has backed the Government’s plan to extend the stimulus package until the end of the year in address to the economic impacts of the COVID-19 outbreak. The extension of the package, announced today 9 June, will continue to build confidence, through on-going employment and business continuity for our brands and suppliers alike.

“The combination of the Government programs, including JobKeeper and the accelerated depreciation incentive, have been a blessing for Australian business and the transport industry,” said Dean Jenkins, MaxiTRANS Managing Director & CEO. “Importantly, what it has meant for MaxiTRANS is that we have been able to keep our operations going in support of our customers, so that they can continue to keep food on shelves. Also just as important is that we have been able to keep people employed, which is a really fundamental thing at this point in time.”

Dean has praised the efforts of MaxiTRANS’ employees, customers and suppliers for how hard they have worked in support of our communities following the effect COVID-19 has had on our industry.

“I sincerely would like to thank all of our customers, employees and suppliers for their on-going support throughout what has really been a challenging year,” said Dean. “It has been a tough time and will continue to be a tough time. However, we’ve all shown just how important this industry is for our community and Australian manufacturing”.

With the federal government announcing an extension to the $150,000 instant asset write-off scheme through to the end of 2020, it allows customers to invest in their business as restrictions around the country begin to ease.

“We appreciate the efforts of our industry partners, the Australian Trucking Association (ATA) and the Heavy Vehicle Industry Australia (HVIA) for their collaborative efforts in lobbying the federal government on behalf of the transport industry” Dean stated.

“What this extension means for our customers is added confidence to continue and to know that the government is aware of what the instant asset write off is positively doing for proud Australian businesses like MaxiTRANS.”

“We are reminding our customers that the instant asset write-off and depreciation rules are available for multiple units across both new and used trailers, not just a one off purchase. Customers may also wish to invest in capital asset upgrades, including upgrading their suspension or fridge plants on existing trailers via our Service network, which too fall within the write-off and depreciation rules. Additionally, we have a large range of workshop equipment and parts available from MaxiPARTS, which may be a consideration for investment also.”

“For customers looking to invest and take full advantage of the Government’s announcement, we encourage to contact one of our national MaxiTRANS Dealers to discuss how they could benefit. All while knowing that they are investing in high quality Australian-made products and continuing to support the Australian economy as the country enters the post COVID-19 recovery. We want to reassure our customers that we are here to partner with them to help them grow and succeed, especially during these challenging times.”

Please note MaxiTRANS does not provide financial advice to its customers, MaxiTRANS suggests customers contact their own financial provider to discuss.