The proposal would reintroduce the Small Business Energy Incentive (SBEI) and extend the duration of SBEI for 3 years. The proposal would also increase the bonus tax deduction up to $30,000 for eligible technology and assets that make their businesses more energy efficient.

The proposal is eligible for small and medium businesses (including all primary producers) with turnover up to $50 million.

The policy start date would be 1 July 2025.