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October 15, 2025

What The Government Stimulus Package Means For Your Business

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The federal government announced a 17.6 billion stimulus package with funding allocated to measures targeted at small businesses. For new and existing businesses which require an office fit-out and purchasing furniture, this is a great time to take advantage of these incentives and plan ahead. We have summarised the key measures to help you understand the benefits.

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Increasing the Instant Asset Write-Off

  • $700 million to increase the instant asset write off threshold from $30,000 to $150,000 and expand access to include businesses with aggregated annual turnover of less than $500 million (up from $50 million) until 30 June 2020. For example, assets that may be able to be immediately written off are a concrete tank for a builder, a tractor for a farming business, and a truck for a delivery business.

This instant asset-write off allows businesses to purchase capital equipment for their business and obtain an immediate tax deduction for doing so (rather than depreciating the cost over a number of years, as was previously the case).

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Accelerated Depreciation for Investments

  • $3.2 billion to back business investment by providing a time limited 15 month investment incentive (through to 30 June 2021) to support business investment and economic growth over the short term, by accelerating depreciation deductions. Businesses with a turnover of less than $500 million will be able to deduct an additional 50 per cent of the asset cost in the year of purchase.

Cash flow assistance for businesses:

  • $6.7 billion to Boost Cash Flow for Employers by up to $25,000 with a minimum payment of $2,000 for eligible small and medium-sized businesses. The payment will provide cash flow support to businesses with a turnover of less than $50 million that employ staff, between 1 January 2020 and 30 June 2020. The payment will be tax free. This measure will benefit around 690,000 businesses employing around 7.8 million people. Businesses will receive payments of 50 per cent of their Business Activity Statements or Instalment Activity Statement from 28 April with refunds to then be paid within 14 days.
  • $1.3 billion to support small businesses to support the jobs of around 120,000 apprentices and trainees. Eligible employers can apply for a wage subsidy of 50 per cent of the apprentice’s or trainee’s wage for up to 9 months from 1 January 2020 to 30 September 2020. Where a small business is not able to retain an apprentice, the subsidy will be available to a new employer that employs that apprentice.

Additionally, there is a measure to support small businesses to maintain the jobs of around 120,000 apprentices and trainees. Eligible employers can apply for a wage subsidy of 50 per cent of the apprentice’s wage for up to 9 months.

Source: https://www.pm.gov.au/media/economic-stimulus-package