Mathias Cormann (WA, Liberal Party, Minister for Finance) Share this | Hansard source

That is a question, with all due respect, which ignores some of the practical realities. Obviously, in order to benefit from in particular the $20,000 immediate asset write-off you have to be profitable, you have to have a level of taxable income and obviously the businesses will have to meet the cost of the upfront investment. That is not a change compared to current circumstances except that of course we have increased the threshold that applies enabling people to still access that immediate asset write-off. Instead of having that apply to assets of up to $1,000 it now applies to assets of up to $20,000. Fundamentally in terms of the architecture of the capacity to make that immediate deduction, nothing changes. The only thing that changes is the threshold up to which it applies.