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The Best Performing Women Led Companies
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The Best Performing Female Led Companies
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CSL director resigns to join rival
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Alison Watkins joins Wesfarmers board
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More than 99 per cent of businesses, employing more than 11 million workers, will be allowed to deduct the full cost of eligible capital assets until June 30, 2023, under the one-year extension.
Loss carry-back rules, which allow firms with domestic turnovers capped at $5 billion to write off COVID-19-induced losses against previous profits, will also be extended to include the 2022-23 income year.
Alison Watkins, the former Coca-Cola Amatil group managing director, supported the expansion after last year’s budget.
Louie Douvis
The extensions are worth a combined $20.7 billion by 2024-25, and Treasury estimated the extended measures would help boost GDP and create as many as 60,000 jobs by the end of 2022-23.