Australian Government Stimulus Package
Proposed Investment Allowance - Time Sensitive
The proposed Investment Allowance provides for an immediate income tax deduction of either 30% or 10% when you purchase a Clean Air Power Dual-Fuel™ system for a Caterpillar C-12, or C-15 on highway engine.
However, orders for your Clean Air Power Dual-Fuel™ system must be made soon to qualify. The investment allowance is not yet law, so full details on the investment allowance are not yet available. Specific conditions and eligibility criteria may be added later. Existing opportunities for tax depreciation remain unchanged.
Enter into Purchase Contract Between:
Own / Use By:
Extra Deduction:
13 December 2008 to 30 June 2009
30 June 2010
30%
1 July 2009 to 31 December 2009
31 December 2010
10%
*Clean Air Power Dual-Fuel™ systems must be acquired under a binding contract before 30 June 2009. Law still subject to approval by Parliament. Speak to your accountant, financial advisor, or ATO on 132866 to confirm your eligibility.
For more information, view the Fact Sheet of the Australian Government's Small Business and General Business Tax Break
Contact the Australian Installation Facility and Aftersales office for more Dual-Fuel™ information