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.

Read more

Green Aluminium Production Credit – do not proceed

Summary of proposal

The proposal would reverse the Green Aluminium Production Credit, available from 2028–29, to support Australia’s aluminium smelters to transition to renewable electricity.

The proposal would be ongoing and start on 1 July 2025.

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Green Aluminium Production Credit – do not proceed

Summary of proposal

The proposal would reverse the Green Aluminium Production Credit, available from 2028–29, to support Australia’s aluminium smelters to transition to renewable electricity.

The proposal would be ongoing and start on 1 July 2025.

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Supporting Australian National Academy of Music's South Melbourne Town Hall Redevelopment

Summary of proposal

The proposal would provide $12.5 million over 3 years to the Australian National Academy of Music (ANAM) to refurbish, renovate and upgrade performance and hospitality facilities at South Melbourne’s Town Hall.

The funding would be profiled as $4.5 million in 2025-26 and $4 million in each of 2026-27 and 2027-28. 

The proposal would be non-ongoing and start from 1 July 2025.

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Supporting Australian National Academy of Music's South Melbourne Town Hall Redevelopment

Summary of proposal

The proposal would provide $12.5 million over 3 years to the Australian National Academy of Music (ANAM) to refurbish, renovate and upgrade performance and hospitality facilities at South Melbourne’s Town Hall.

The funding would be profiled as $4.5 million in 2025-26 and $4 million in each of 2026-27 and 2027-28. 

The proposal would be non-ongoing and start from 1 July 2025.

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Boyer Paper Mill

Summary of proposal

The proposal would provide $24 million over 5 years to support the Boyer Paper Mill in Tasmania.

The funding would be distributed as $9 million in upfront support over the first 2 years to help Boyer stabilise its operations ($4.5 million per year), and $15 million for electrification investments over 3 years from 2027-28 ($5 million per year).

The proposal would be non-ongoing and start from 1 July 2025.

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Boyer Paper Mill

Summary of proposal

The proposal would provide $24 million over 5 years to support the Boyer Paper Mill in Tasmania.

The funding would be distributed as $9 million in upfront support over the first 2 years to help Boyer stabilise its operations ($4.5 million per year), and $15 million for electrification investments over 3 years from 2027-28 ($5 million per year).

The proposal would be non-ongoing and start from 1 July 2025.

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Strengthening anti-dumping

Summary of proposal

The proposal would provide $5 million in 2025-26 to the Anti-Dumping Commission to support its monitoring activities and investigation of claims of dumped products. The funding is intended to help safeguard key sectors such as steel, aluminium and manufacturing against unfair competition.

The proposal would be non-ongoing and start on 1 July 2025.

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