Last year, Labor launched its Investment Guarantee, which would see “all businesses in Australia will be able to immediately deduct 20 per cent of any new eligible asset worth more than $20,000, with the balance depreciated in line with normal depreciation schedules from the first year”.
The policy appears to have received the business lobby’s backing, with the Australian Food & Grocery Council CEO, Tanya Barden, today arguing Labor’s proposal would help stimulate investment. From The AFR:
