Treasury Laws Amendment (Tax Incentives and Integrity) Bill 2024

Ms STEGGALL (Warringah) (13:29): Noting the comments of the opposition, I ask the minister, in terms of what costings and calculations have been made by the government—and, ironically, I would say, the opposition as well, if they're willing to share—why the decision is to leave the test at $20,000 or even the $30,000 proposal, not the $50,000 asset write-off being requested by COSBOA and all industry groups as the meaningful threshold that would in fact raise productivity and assist businesses.

It shouldn't be just a question of picking numbers that are politically convenient to one side or the other. It would be useful for the industry and small businesses to understand the reason for the calculation of the $20,000. The very point of it is that it's meaningful for small businesses.

The $20,000 does not allow for putting solar on your roof or for putting in a battery or getting efficiency and sustainability within operations— The DEPUTY SPEAKER ( Ms Vamvakinou ): The debate is interrupted in accordance with standing order 43. The debate may be resumed at a later hour, and the member will have leave to continue speaking when the debate is resumed.