Tax savings by BPT :
Federal Government Budget Announcement
Beach notes the recent Federal Government budget announcement regarding its plans to stimulate the economy. One of these measures will allow businesses to immediately deduct eligible depreciable assets in the year they are first used or installed and ready for use by the end of FY22. Beach is assessing the impact of this measure to near term cash flows, with expectations that it will have a positive impact on operational cash flow over the next 3 financial years.
Ann: Quarterly report for the period ended 30 September 2020, page-3
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