Penny Wong (SA, Australian Labor Party, Minister for Foreign Affairs) Share this | Hansard source

Businesses with an annual turnover of less $50 million will get an additional 20 per cent tax deduction on spending that supports more efficient use of energy, helping small businesses make investments such as electrifying their heating and cooling systems, upgrading to more efficient fridges and installing batteries and heat pumps. The Australian Chamber of Commerce and Industry has praised the incentive, with Mr Willox correctly identifying its benefit as threefold:

… a triple dividend by lowering bills, emissions and the pressure on our energy systems as they transition.