The Australian Prime Minister and Taxation Office have both announced measures to support businesses amid the Coronavirus (COVID-19) pandemic. According to the Prime Minister's announcement, the following measures are being provided with effect from 12 March 2020 to support business investment:
- An increase in the instant asset write off threshold from AUD 30,000 to AUD 150,000 and expanded access to include businesses with aggregated annual turnover of less than AUD 500 million (…