The instant asset write-off is now permanent. Asset finance demand follows.
In August 2026 Parliament passed legislation making the $20,000 instant asset write-off permanent for businesses turning over under $10 million. Permanent certainty changes buying behaviour, and equipment purchases run on finance.
- A permanent $20,000 instant asset write-off from 1 July 2026, applied per asset, for small businesses with aggregated turnover under $10 million. The bill passed the Senate on 19 August 2026 and awaits royal assent.
- Loss carry-back returns for companies from 1 July 2026, letting eligible companies offset current losses against past profits.
- The change ends a decade of one-year extensions announced at each budget. Businesses can now plan equipment purchases around a rule that will still exist next year.
Under year-to-year extensions, businesses rushed June purchases and then froze. A permanent threshold turns that spike into steady, year-round demand for vehicles, machinery and equipment under and around the $20,000 mark, and most of it is financed. Every accountant in the country now has a standing reason to tell clients that replacing ageing equipment is tax-effective.
The conversation is pre-sold
Borrowers arrive knowing the tax angle. The broker's job is structure and speed, not persuasion.
Watch the per-asset rule
The threshold applies per asset, so multiple purchases each under $20,000 can all qualify. Clients rarely know this; accountants and brokers who mention it write more.
Assent timing
The measure awaits royal assent. Keep claims dated and conditional until it is law in force, then move.
Demand meets deal flow
Our asset and equipment finance leads capture the asset type, amount and timeframe from buyers already in market.