On the eve of Supply Chain Week, tax deductions and low interest rates have created a scenario for companies to purchase new equipment. The Smart Supply Chain Technology Show (SSCT), the official exhibition of Supply Chain Week, will showcase technologies and products from Australia, New Zealand and the USA. Managers who have registered to attend the supply chain event have the authority to purchase new equipment and technology.
According to Simon Cooper, Managing Director, Interpoint Events, the Federal Government's 50% tax offset incentive has been passed by the Senate. With interest rates at their lowest point, companies can apply for tax deduction and avail depreciation on the full purchase of materials handling equipment. With depreciation combined with the investment allowance, tax deductions can be in the vicinity of 50% of the purchase in the first year.
Companies who take advantage of the investment have an opportunity to go into the new financial year with lower costs and new equipment. As transport and logistics are at the forefront of companies seeking innovation in their supply chain to trim costs and improve efficiency, the exhibition is timely. The biannual Smart Supply Chain technology show will be held at the Sydney Convention & Exhibition Centre.