House debates Questions without Notice

Taxation

Tuesday, 21 August 2012 House of Representatives

Wayne Swan

Wayne Swan Lilley, Australian Labor Party, Treasurer

2:30 pm

Very simply, the write-off rules which apply to capital items purchased by small businesses have been replaced by the $6,500 instant asset write-off, pumping $1 billion into the economy to increase the cash flow of small business—something we are all very proud of and something that was opposed by those opposite.

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