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Technology Investment Rules

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Does the Technology Investment Boost apply to your business if legislation is passed?

The Technology Investment Boost provides a 120% deduction for eligible expenses that are incurred for the purposes of improving digital operations or digitising business operations.

The boost is aimed at costs incurred between 29 March 2022 and 30 June 2023 and is limited to a maximum bonus deduction of $20,000 (i.e., $100,000 of expenses).

Broadly, the eligible expenditure for this measure can include expenditure on:

  • Digital enabling items – computer and telecommunications hardware and equipment, software, systems and services that form and facilitate the use of computer networks;
  • Digital media and marketing – audio and visual content that can be created, accessed, stored or viewed on digital devices; and
  • E-commerce – supporting digitally ordered or platform enabled online transactions.

The following expenditure cannot qualify for the technology boost:

  • Capital works costs under Division 43;
  • Financing costs such as interest expenses;
  • Salary or wage costs;
  • Training or education costs; and
  • Trading stock or the cost of trading stock.

Katrina Brennan is Principal at SRJ Walker Wayland, Business Growth Advisers

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