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Australian Government Coat of Arms

Budget | 2015-16

Budget 2015-16
Australian Government Coat of Arms, Budget 2015-16
Alison with an employee

Growing Alison's tech start‑up

Alison has an idea for a new tech start‑up.

With Budget 2015...

  • Business registration is streamlined
  • Immediate deductibility of professional expenses associated with starting up the business
  • Able to immediately write off each and every asset costing less than $20,000 she buys for her business – computers, printers, office furniture
  • Easier to use an employee share scheme to attract the talent she needs
  • A lower company tax rate of 28.5 per cent (as a company with annual turnover of less than $2 million)
  • FBT exemption for all workrelated portable electronic devices provided to staff
  • Lower compliance costs to use crowd-sourced equity funding to attract new investment and expand her company