(5 February 2026 – Australia) The Australian government must make the instant asset write-off (IAWO) scheme permanent and significantly expand its scale and scope according to The Council of Small Business Organisations of Australia (COSBOA).
COSBOA as strengthened its push for the federal government to establish a permanent A$150,000 instant asset write-off scheme (IAWO).
After taking on broad criticism in last year for considering against reinstating the existing A$20,00 IAWO in its federal budget for the financial year 2026, Labor committed to extend the scheme for another year until 30 June 2026.
CAFBA and COSBOA are frustrated with Labor’s decision to temporarily extend the IAWO by one year and maintain it does not go far enough.
“Small businesses are resilient, but resilience alone cannot carry the economy forward. That means addressing the structural cost, tax and regulatory settings that shape day-to-day business decisions” stated COSBOA Chair Matthew Addison.