Trailer Magazine

MaxiTRANS encourages operators to act on stimulus

  • Posted on Tuesday 17th, March 2020.

Trailer builder, MaxiTRANS, has backed the Government's recent stimulus package announcement which is intended to provide confidence, ongoing employment and business continuity.

“The stimulus package announced last week is a positive for Australian business and the transportation industry as a whole,” said MaxiTRANS Managing Director and CEO, Dean Jenkins.

“It is designed to encourage industry investment and is a great step towards helping protect the Australian economy during this period of uncertainty," he said.

Under the new package, businesses with a turnover below $500 million will be able to deduct 50 per cent of the cost of an eligible asset immediately, with existing depreciation rules applying to the balance of the asset’s cost, available until 30 June 2021.

The package also expands the instant asset write-off applicable for both new and used assets, with the threshold to be increased from $30,000 to $150,000, and access expanded to businesses from a turnover of less than $50 million to less than $500 million, available until 30 June 2020.

To help businesses take full advantage of the Government’s announcement, MaxiTRANS has invested the time to understand the rules around package. The company already has a large range of both new and pre-owned trailers already in stock and has already moved forward with plans to produce more units so that it is ready for customers by the end of FY2020 to deliver this stimulus bonus.

For customer-specific built trailers requiring longer production times, now is the time to begin discussions to ensure delivery before 30 June 2020 according to MaxiTRANS.

“It has been a challenging start to 2020 for our customers, acknowledging the devastation caused by the bushfires, ongoing drought and now the impact that the coronavirus is having on the industry," said Jenkins.

"We want to reassure our customers that we are here to partner with them to help them grow and succeed, especially during these challenging times.

“We are reminding our customers that the instant asset write-off and depreciation rules are available for multiple units, not just a one off purchase. Additionally, customers may wish to invest in capital asset upgrades, including upgrading their suspension or fridge plants on existing trailers, which too fall within the write-off and depreciation rules.

"For customers looking to invest and take full advantage of the Government’s announcement, we encourage to contact one of our national MaxiTRANS Dealers to discuss how they could benefit," he said. "All while knowing they are investing in high quality Australian-made products and supporting the Australian economy.”

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