Government cash could help manufacturers
The Australian government's recently announced 10% investment allowance for capital equipment purchases — including manufacturing-related products and equipment — could act as an incentive to buyers visiting National Manufacturing Week, to be held at the Melbourne Convention and Exhibition Centre from 12–15 May 2009.
As part of its $4.7 billion statement on 12 December, the government announced a 10% investment allowance to encourage businesses to undertake capital investment.
It will be available to businesses that acquire new "tangible depreciating assets" costing more than $10,000. Such assets include most types of plant and equipment, vehicles and other assets used by businesses.
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