ABC RURAL VICTORIA | GPA calls for expanded tax support to boost on-farm fuel storage

Grain Producers Australia is calling on the Federal Government to expand the instant asset write-off scheme to support greater investment in on-farm fuel storage.

ABC Rural Victoria reported that the push comes as growers and regional businesses face rising fuel costs and supply uncertainty, with current tax settings limiting their ability to invest in larger storage systems needed to secure supply.

GPA Southern Director Andrew Weidemann said the current cap does not reflect the cost of infrastructure required on farm.

“The reality is that doesn’t buy a very big fuel tank… a lot of what people were buying back when the depreciation allowance was in place,” he said.

He said lifting the threshold and expanding eligibility would help improve preparedness across agriculture and regional industries.

“It’s about being prepared… now’s the time for government to start to pick up and support rural Australia,” he said.

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