- $20,000 instant asset write-off for businesses with annual turnover of under $10 million for assets installed and used in the 2023-24 financial year.
- Up to 3.8 million small and medium-sized business to share in$310 million in tax relief through a new Small Business Energy Incentive,claimed as a 20 per cent deduction for the cost of eligible depreciating assets to support upgrading to more efficient electrical goods.
- $23.4 million to help 15,000 businesses build resilience to cyber threats.
- One million small businesses will get power bill rebates through the jointly-funded Energy Bill Relief Fund.NSW businesses will receive $650 in bill relief from July 1,whileVictorian businesses will save $325.
Cut through the noise of federal politics with news, views and expert analysis from Jacqueline Maley.Subscribers can sign up to our weekly Inside Politics newsletter here.