Federal Member for Pearce, Christian Porter, will hold an Open Office Day/Evening on Friday 30 October for members of the community looking to understand more about the Coalition Government’s initiatives to help farmers and country communities.
“The Coalition Government is backing farmers and country communities with a range of measures designed to help farmers protect against drought, invest in infrastructure and grow their businesses,” Mr Porter said.
“This Government is committed to supporting farmers who are suffering through the effects of drought, providing $250million to continue the Drought Concessional Loan Scheme and the Drought Recovery Concessional Loan Scheme.
“We are also providing $25million in 2015-16 to assist farmers to reduce the impact of pest animals in drought-affected areas.”
Mr Porter said that the Government was also encouraging investment in infrastructure through accelerated tax depreciation for a range of investments.
“The Coalition Government is providing immediate tax dedications for water infrastructure such as dams, tanks and irrigation,” he said.
“We are also providing accelerated three year tax write-downs for fodder assets including silos and storage bunkers, and farmers can immediately deduct the cost of fencing.
“This is in addition to the small business measures announced in the May budget which allow for immediate tax deductions for every individual asset valued up to $20,000 each.
“This means that business assets under $20,000 – such as tools, vehicles and machinery – can be immediately written off and, importantly, there is no cap on the amount of assets that can be claimed.”
In addition to immediate tax write-offs, Mr Porter said the Coalition Government is also providing tax relief for small businesses, which will benefit many farmers.
“As part of the May Budget we announced that we were reducing the tax burden to put money back into the hands of small business operators such as farmers – where it belongs,” he said.
Incorporated small businesses get a 1.5% cut in the company tax rate and unincorporated small businesses get a 5% tax discount, up to $1,000 annually.
Mr Porter said that the conclusion of negotiations on the Trans-Pacific Partnership Agreement (TPP) as well as the Government’s landmark trade deals with Korea, Japan and China would also deliver enormous benefits for farmers.
“I am incredibly pleased with the recent conclusion of the TPP as I know the immense benefits this agreement will bring to the many farmers and wine makers across Pearce,” he said.
“I will be able to provide further information about the benefits of the three Free Trade Agreements as well as the TPP at the open day for anyone interested in finding out how these initiatives will benefit their businesses.
“I understand that navigating through all of the government regulations and opportunities can sometimes be a daunting task.
“That’s why I am setting aside some specific time so that, along with my staff, we are available face to face for anyone with any questions about Coalition Government initiatives concerning farmers on Friday 30 October.
“Farmers and members of our country communities in Pearce are invited to come and have a coffee and a chat and I will be very happy to provide information on how these changes may be of benefit to them.”
The Open Office Day/Evening will take place at:
The Office of Christian Porter
3 / 28 Main Street, Ellenbrook
Friday 30 October 2015
Time: 2.30pm – 6.30pm
Ph: (08) 6296 7255