Australian budget makes instant asset write-off permanent, tightens ACCC grip on Shein and Temu
Federal Budget locks in the $20,000 instant asset write-off for sub-$10M turnover SMEs, cuts $10.2B in regulatory burden, and steers ACCC scrutiny toward offshore e-commerce players Shein and Temu. ARA and COSBOA welcomed the moves but pressed for deeper competitiveness reforms.
Australia's Federal Budget makes the instant asset write-off permanent for small businesses, cuts regulatory burden by $10.2B, and tightens ACCC scrutiny on offshore e-commerce players Shein and Temu. Retailers welcomed steps but called for deeper competitiveness reforms.