Senate debates

Tuesday, 20 June 2023

Bills

Treasury Laws Amendment (2022 Measures No. 4) Bill 2022; In Committee

6:23 pm

Photo of Katy GallagherKaty Gallagher (ACT, Australian Labor Party, Minister for the Public Service) Share this | Hansard source

ator GALLAGHER (—) (): In answer to your question, the government will not be supporting it. I think it is important to acknowledge that the Technology Investment Boost as it stands is backdated to 29 March 2022, which does mean that any eligible expenditure from that date will count when tax returns are lodged from 1 July. There are a range of other small-business measures acknowledging the importance of small business across our economy, which have been introduced in the latest budget, including the Small Business Energy Incentive, cash flow through the $20,000 instant asset write-off, the Cyber Wardens program and an industry growth plan that will help small businesses to innovate, adopt, and adapt to digital technology specifically, and that is in the order of $393.4 million in addition to this measure.

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