Michaelia Cash (WA, Liberal Party, Minister for Small and Family Business) Share this | Hansard source

Yes, I can. Senators would be aware that in the budget this year we extended the $20,000 instant asset write-off for another 12 months—again, because we understand that businesses are able to utilise this policy to reinvest back into their businesses. In particular, again, I was able to again visit Beaurepaires in Beenleigh, with the fantastic member Bert van Manen. It is a great family business. We met with Kerry and Ronnie Visser. They bought their business three years ago and have worked so hard that they are now the No. 1 franchise in Australia. They have utilised the government's instant asset write-off. They have invested in technology that compresses air in a much more user-friendly manner. Because of the instant asset write-off, they have been able to utilise this to reduce their energy bills, which is a bonus to their business. (Time expired)