Wayne Swan (Lilley, Australian Labor Party, Treasurer) Share this | Hansard source

This is one of the most fundamental reforms that we could make to the tax system for small business. It has a very substantial benefit in terms of cash flow in the year that it is claimed and it also simplifies the system because it does away with complex depreciation schedules. So this is really welcomed by small business. This is one of the recommendations of the Henry review, and we are doing it in an affordable way.

Mr Van Manen interjecting—

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