ADIA is the peak business organisation representing manufacturers and suppliers of dental products. Our vision is for an industry that empowers oral health professionals to advance the health and wellbeing of all Australians...................... — ADIA Strategic Plan

Media Release —
20,000 Reasons To Invest In
Dental Equipment Thanks To The Budget

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— 9 May 2018
For Immediate Release

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The commitment in the 2018 Australian Government Budget to retain for a further year the accelerated depreciation of businesses assets has been welcomed by the Australian Dental Industry Association (ADIA), the peak business organisation representing manufacturers and suppliers of innovative dental products.

“The ability of businesses across the dental sector to deduct purchases of eligible assets costing less than $20,000 has underpinned small business growth. Importantly, it’s seen many dental practice make the investment in pioneering technology that allows them to deliver optimal dental and oral healthcare,” said Troy Williams, ADIA Chief Executive Officer.

Small businesses will be able to immediately deduct purchases of eligible assets costing less than $20,000 first used or installed ready for use by 30 June 2019. Only a few assets are not eligible (such as horticultural plants and in-house software). Businesses able to access the benefit must have an aggregated annual turnover of less than $10 million

Assets valued at $20,000 or more (which cannot be immediately deducted) can continue to be placed into the small business simplified depreciation pool (the pool) and depreciated at 15 per cent in the first income year and 30 per cent each income year thereafter. The pool can also be immediately deducted if the balance is less than $20,000 over this period (including existing pools).

“The retention of this measure will improve cash flow for small businesses across the dental industry, providing a boost to activity and investment for another year,” Mr Williams said.

The budget papers indicate that from 1 July 2019, the immediate deductibility threshold and the balance at which the pool can be immediately deducted will revert back to $1,000.

Ends.

Photograph —

. Troy Williams - ADIA Chief Executive Officer [PDF]

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Media Contact —

ADIA Communications Officer
t: 1300 943 094.....e: media@adia.org.au

A — A D I A . .S T R A T E G I C . .A L L I A N C E S

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