Archive, Industry News

NatRoad shares thoughts on budget and instant asset write-off

NatRoad has weighed in on the recent federal budget and decisions made regarding the transport industry

The National Road Transport Association (NatRoad) says the federal budget commitment to road infrastructure spending is welcome but is disappointed that time is running out for the instant asset write-off.

The popular measure is due to end in June 2023 and the budget contained no hint that it is being extended.

“We are hopeful the government will have another look before what was always marked as a temporary measure runs out, especially in light of the economic hammering our industry has taken in recent years,” says CEO Warren Clark.

“We hope it’s not dead and buried. It was very popular with small businesses and enabled many heavy vehicle operators to upgrade to modern, safer and cleaner vehicles.

RELATED ARTICLE: NatRoad calls for universal heavy vehicle licensing

“Perhaps we could also have seen some sort of concession to assist operators to move to Euro XI emissions standards, and we are hopeful that will be in the May budget next year.

“On the plus side of the ledger, we are delighted that the government is delivering on its promise of $80 million for truck rest stops.”

Previous ArticleNext Article
  1. Australian Truck Radio Listen Live
Send this to a friend