6th January 2009

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More Information About The New Investment Allowance

More Information About The New Investment Allowance

On 12 December 2008, the Government announced an initiative to boost economic activity, in the form of an investment allowance. The investment allowance is an additional 10 percent tax deduction for new tangible depreciating assets. This concession is temporary.

The measure is estimated to cost the Commonwealth $1.6 billion.

What is the investment allowance?

• The allowance will be in the ...

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Agricultural News

In the first five days of 2009, north-west Queensland has received almost as much rain as it did for the whole of last year.
In the first five days of 2009, north-west Queensland has received almost as much rain as it did for the whole of last year.

Locals rejoice as north-west Qld drenched

Outback towns in Queensland's north-west remain cut off by floodwaters but that is not raising too many complaints from the locals.

After years of drought they see the inundation as a return to

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General News

Gaza conflict: ground offensive continues.
Gaza conflict: ground offensive continues.

Witnesses say Israeli tanks in southern Gaza city

Witnesses in the Gaza Strip say Israeli tanks have rolled into the southern city of Khan Yunis as the ground offensive moved into its fourth day.

Israel has not confirmed the reports, but about 40

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Sports News

Nick Ward of the Victory celebrates after scoring
Second of the season... Ward celebrates after scoring the winner.

Victory climb to top of the heap with win over Adelaide

Melbourne claimed top spot on the A-League ladder with victory over Adelaide at Docklands on Tuesday evening.

A healthy crowd of 27,196 filled the stadium for the rare mid-week fixture and they

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