In the third reading before Parliament today (15th June 2015) the Small Business Measures have been agreed to in relation to temporarily changing the asset write off threshold.  For asset purchases made after 730pm on 12 may 2015 that are installed and ready for use prior to 30 June 2017 that cost less than $20,000 excluding GST can be written off immediately as a business expense in the relevant financial year, along with Asset Pools whose value is less than $20k at the end of the respective financial year up to 30/6/2017. Note that it is important to seek advice from your Tax Agent or other relevant advisers before making decisions.