Daily Archives: 10 June 2020

On 4 June 2020, the Federal Government announced the HomeBuilder program to support jobs in the residential construction sector. The program is a time-limited grant, designed to boost activity in the housing industry after the Housing Industry Association warned it was bracing for a potential drop of 50% for new builds in the second half of 2020.

On 9 June 2020 the Australian Government announced that the Instant Asset Write-Off has been extended until 31 December 2020 for eligible businesses. The scheme provides eligible businesses with an immediate tax deduction for the full value of certain assets.