As the end of the financial year approaches, Australian manufacturers and fabricators are reviewing their operations, planning capital investments, and exploring how government tax incentives could align with business needs.
One incentive that’s receiving renewed attention is the $20,000 instant asset write-off, extended until 30 June 2025 as part of the 2024–25 Federal Budget.
At a time when margins are tight and production expectations are high, this incentive presents a rare opportunity: to not only improve cash flow through tax deduction, but to unlock long-term gains through smarter equipment investment — particularly in technologies like CNC plasma cutting systems.
What Is the $20,000 Instant Asset Write-Off?
Eligible businesses (those with an annual turnover of under $10 million) can immediately deduct the full cost of eligible assets under $20,000. Key points:
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The $20K threshold applies per asset — meaning multiple assets can be claimed.
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The assets must be purchased and either used or installed and ready for use between 1 July 2024 and 30 June 2025.
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If you spend more than $20,000 on a single asset, you can still claim depreciation under the simplified pool rules.
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Pool balances under $20,000 at EOFY can be written off entirely.
For workshops and fabrication businesses, this measure is particularly relevant to smaller machinery, technology upgrades, and production-support tools that can be put to work immediately.
Why Consider CNC Plasma Cutting Now?
When evaluating capital equipment, it’s natural to weigh upfront cost. But the most valuable machinery doesn’t just pay for itself it reduces waste, increases output, improves quality, and saves time.
That’s exactly where CNC plasma cutting systems, like the Plazmax CutAce stand out. Here’s how they deliver value:
1. Precision and Speed
CNC plasma systems offer rapid, clean, and highly accurate cutting, especially for medium-thickness materials. This leads to faster production cycles and improved part quality.
2. Reduced Waste and Rework
Advanced cut control, tight tolerances, and features like laser height sensing mean less scrap and fewer errors, which directly impacts material costs and job profitability.
3. Less Downtime, More Throughput
Modern plasma machines, including the CutAce, are designed for long-term reliability, featuring quality components and built-in systems that reduce the need for manual intervention.
4. Integration With Lean Workflows
Today’s CNC software, including Plazmax’s MaxControl, integrates seamlessly into smart manufacturing environments. This makes it easier to manage nesting, material tracking, job scheduling, and diagnostics all from one central platform.
Need Finance? Get the Right Support
We understand that buying new equipment is a big decision and the financing process can be a hurdle for many businesses.
To help, we’ve partnered with Matt Corkin from Atlas Broker, one of Australia’s leading specialists in commercial and industrial equipment finance. Matt works closely with manufacturing and engineering clients, and understands the challenges business owners face when trying to justify technical purchases to banks and lenders.
Unlike traditional lenders, equipment finance brokers take the time to understand your operational goals, match you with suitable lenders, and advocate on your behalf — making the whole process smoother and more tailored to your situation.
If you’d like to explore your finance options or compare packages, Matt is available for a no-obligation conversation.
Why Act Before 30 June?
Besides the opportunity to claim the instant asset deduction, there’s one more reason to act now: a scheduled price increase on all Plazmax machines takes effect from 1 July 2025.
That means acting before the end of the financial year allows you to:
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Access maximum tax benefits
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Avoid rising equipment costs
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Upgrade your operations at the most affordable point all year
Ready to Talk?
If you’re serious about improving your cutting capabilities, reducing job turnaround time, and future-proofing your workshop, now is the ideal time to explore CNC plasma technology.
Get in touch for an obligation-free chat about how the CutAce system could support your production goals — whether you’re scaling up, modernising, or simply looking to gain a competitive edge.
Let’s help you cut smarter, operate faster, and invest where it counts.