Proposed Extension of the Instant Asset Write-Off
Although these measures are still before Parliament, it's wise to start planning now so your business is ready to take full advantage.
Proposed Extension of the Instant Asset Write-Off
And Other Tax Measures
A new Bill -- the Treasury LawsAmendment (Strengthening Financial Systems and Other Measures) Bill 2025 --proposes several key changes affecting small businesses, listed companies, andthe not-for-profit sector.
Small business boost: $20,000 instant asset write-off extended
The Bill proposes to extend the$20,000 instant asset write-off for eligible small businesses (those with anaggregated annual turnover of less than $10 million) for a further 12 months.Under the extension, eligible assets first used or installed ready for usebefore 30 June 2026 would qualify.
This means small businesses canimmediately deduct the full cost of an eligible asset in the year it ispurchased, rather than depreciating it over time. It is a meaningful cash-flowbenefit that rewards investment and keeps businesses competitive.
Greater transparency for listed companies
The Bill introduces newdisclosure requirements for public companies -- expanding the obligationsaround related-party transactions, executive remuneration, and financialreporting. These measures are designed to strengthen accountability and rebuildpublic trust in listed entities.
Not-for-profit sector: new ACCC powers
For the not-for-profit sector,the Bill would give the ACCC Commissioner the power to publicly disclosecertain protected information -- such as details of regulatory investigations-- where a public harm test is satisfied. The intent is to strengthen communityconfidence in the charity sector by demonstrating that the regulator is takingaction where misconduct occurs.
For well-run charities, strongertransparency can enhance community trust. However, it also highlights theimportance of robust governance, accurate record-keeping, and proactivecompliance processes.
ASIC and APRA review frequency
Finally, the Bill proposesreducing the frequency of formal reviews of ASIC and APRA by the FinancialRegulator Assessment Authority from every two years to every five. Whilelargely an administrative change, this signals a shift toward streamlined oversight,allowing regulators to focus on their core functions.
What to do now
Although these measures arestill before Parliament, it is wise to start planning now. If you are a smallbusiness considering an asset purchase, speak to us about timing yourinvestment to take full advantage of the write-off. If you are involved in a listedcompany or a not-for-profit, now is a good time to review your governance andcompliance frameworks.
Please contact our team if youwould like to discuss how any of these proposals may affect your business ororganisation.
