Technology Investment Boost –

September 10, 2022

The Government is consulting on exposure draft legislation to introduce a Technology Investment Boost to help small businesses operate digitally.
The Technology Investment Boost will support digital adoption by small businesses (with aggregated annual turnover less than $50 million) by providing a bonus 20 per cent tax deduction for eligible expenditure incurred on expenses and depreciating assets that support digital operations.
The boost will apply from 7:30 pm (AEDT) on 29 March 2022 until 30 June 2023. An annual cap will apply so that expenditure up to $100,000 will be eligible for the boost, with the bonus deduction capped at $20,000 per year.
The Government is seeking stakeholders’ views on the exposure draft legislation and accompanying explanatory materials implementing this measure.
You can submit responses to this consultation up until 19 September 2022. Interested parties are invited to comment on this consultation.
While submissions may be lodged electronically or by post, electronic lodgement is preferred. For accessibility reasons, please submit responses sent via email in a Word or RTF format. An additional PDF version may also be submitted.
All information (including name and address details) contained in submissions will be made available to the public on the Treasury website unless you indicate that you would like all or part of your submission to remain in confidence. Automatically generated confidentiality statements in emails do not suffice for this purpose. Respondents who would like part of their submission to remain in confidence should provide this information marked as such in a separate attachment.
Legal requirements, such as those imposed by the Freedom of Information Act 1982, may affect the confidentiality of your submission.
View our submission guidelines for further information.
Address written submissions to:


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