Targeting multinational tax avoidance

Summary of proposal

The proposal would establish the Australian Taxation Office’s (ATO), Tax Avoidance Taskforce on an ongoing basis.

The proposal would start on 1 July 2025.

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Targeting multinational tax avoidance

Summary of proposal

The proposal would establish the Australian Taxation Office’s (ATO), Tax Avoidance Taskforce on an ongoing basis.

The proposal would start on 1 July 2025.

Read more

Small business incubator grants program

Summary of proposal

This proposal would support small business growth and innovation by establishing a small business incubator to provide 1,000 grants of $250,000 and 10,000 grants of $50,000–$75,000 for startups and cooperatives that enhance local economies and create jobs.

Additionally, this proposal would provide certainty for small businesses by extending the $20,000 instant asset write-off (IAWO) and the Small Business Energy Incentive Scheme to 1 July 2026.

The proposal would start on 1 July 2025.

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Small business incubator grants program

Summary of proposal

This proposal would support small business growth and innovation by establishing a small business incubator to provide 1,000 grants of $250,000 and 10,000 grants of $50,000–$75,000 for startups and cooperatives that enhance local economies and create jobs.

Additionally, this proposal would provide certainty for small businesses by extending the $20,000 instant asset write-off (IAWO) and the Small Business Energy Incentive Scheme to 1 July 2026.

The proposal would start on 1 July 2025.

Read more

Small business incubator grants program

Summary of proposal

This proposal would support small business growth and innovation by establishing a small business incubator to provide 1,000 grants of $250,000 and 10,000 grants of $50,000–$75,000 for startups and cooperatives that enhance local economies and create jobs.

Additionally, this proposal would provide certainty for small businesses by extending the $20,000 instant asset write-off (IAWO) and the Small Business Energy Incentive Scheme to 1 July 2026.

The proposal would start on 1 July 2025.

Read more

Small business incubator grants program

Summary of proposal

This proposal would support small business growth and innovation by establishing a small business incubator to provide 1,000 grants of $250,000 and 10,000 grants of $50,000–$75,000 for startups and cooperatives that enhance local economies and create jobs.

Additionally, this proposal would provide certainty for small businesses by extending the $20,000 instant asset write-off (IAWO) and the Small Business Energy Incentive Scheme to 1 July 2026.

The proposal would start on 1 July 2025.

Read more

Instant asset write-off – increase cap to $30,000 and make permanent

Summary of proposal

The proposal would expand the small business instant asset write off (IAWO) to increase the asset threshold to $30,000 and make it permanent for businesses with an annual turnover up to $10 million.

The proposal would start on 1 July 2025.

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Instant asset write-off – increase cap to $30,000 and make permanent

Summary of proposal

The proposal would expand the small business instant asset write off (IAWO) to increase the asset threshold to $30,000 and make it permanent for businesses with an annual turnover up to $10 million.

The proposal would start on 1 July 2025.

Read more

Instant asset write-off – increase cap to $30,000 and make permanent

Summary of proposal

The proposal would expand the small business instant asset write off (IAWO) to increase the asset threshold to $30,000 and make it permanent for businesses with an annual turnover up to $10 million.

The proposal would start on 1 July 2025.

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Entrepreneurship Accelerator tax incentive

Summary of proposal

The policy would create an Entrepreneur Accelerator Tax Incentive (EATI) that reduces the taxable income for new companies. Under the EATI, start-ups will receive a tapered reduction in tax on their first $200,000 of taxable income over three years. The reduction would only be available to incorporated entities (companies) and would be available for the first 3 years after a company’s incorporation.

The policy start date is 1 July 2025.

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