The extension of temporary full expensing to 30 June 2023 has been welcomed by industry.
This initiative will assist trucking businesses to invest in new trucks with safety features such as front underrun protection, anti-lock brakes and electronic brakes, or with advanced emergency braking and other safety technologies. It will also help smaller businesses to buy late model second-hand trucks to replace older equipment. Investment in these vehicles may also help companies to promote careers as being more attractive to a younger cohort if they are able to offer better integrated and useable technology in their fleets.
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