Business taxation SME & family business Capital allowances

Technology Investment Boost

Author: The Tax Institute

Published Date: 19 Sep 2022


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The Tax Institute welcomes the opportunity to make a submission to the Treasury in relation to the Treasury Laws Amendment (Measures for consultation) Bill 2022: Technology investment boost exposure draft legislation (draft legislation) and accompanying explanatory material (explanatory material) in relation to the introduction of the technology investment boost (technology boost). 

In the development of this submission, we have closely consulted with our National Small and Medium Enterprises Technical Committee to prepare a considered response which represents the views of the broader membership of The Tax Institute. 

The Tax Institute supports the enactment of legislation to amend the Income Tax (Transitional Provisions) Act 1997 (IT(TP)A) to introduce the technology boost and encourage the investment in digital technologies by small businesses. The enactment of the legislation should provide small businesses with certainty of their eligibility requirements and enable them to take appropriate action to adopt new technologies, as intended by the policy. 

For the policy to proceed as intended and effectively operate in the limited timeframe, it is imperative that the draft legislation and explanatory material clearly explain the operation and eligibility criteria of the technology boost. 


  • Published By:The Tax Institute
  • Published On:19 Sep 2022

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The Tax Institute
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Business taxation SME & family business Capital allowances Corporate tax Small business tax concessions

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