The Instant Asset Write-Off Stimulus Package and How It Can Benefit Your Business with Telematics

by | Jun 9, 2020 | News Posts

Australia continues to evolve as the COVID-19 outbreak slowly begins to subside, with businesses beginning to open their doors again and normalcy returning to our everyday lives, now is the time to consider the government Stimulus Package and set your business up for recovery and success.

The purpose of the $189 billion economic plan is to assist Australian businesses and stimulate economic growth in the short-term, whilst encouraging a stronger economic recovery as we strive to pull through these difficult times and get our businesses back on track.

Making an investment in GPS technology is now even easier, the Stimulus Package encourages businesses to purchase critical assets needed to efficiently run their operation.

If your annual company turnover is less than $500 million, the instant asset write-off has increased from $30,000 to $150,000 (excluding GST)

  • New or used assets (including private sale)
  • $150,000 limit per asset, multiple assets can be claimed
  • No limit to number of assets acquired under this arrangement
  • Assets can be purchased outright or financed on Chattel Mortgage or CHP
  • Valid until 30 June 2020

In 2017-18 there were more than 360,000 businesses that benefited from the current IAWO, claiming deductions to the value of over $4 billion. If you are considering upgrading or adding to your existing fleet, take advantage of these initiatives now, before 30 June 2020.

Netstar Australia has prepared two packages designed to help businesses effectively manage an efficient vehicle fleet and we know every cent counts. We can help you reduce fuel and maintenance costs with these packages.

Package 1

We have assisted many SMB companies with GPS Tracking and the Netstar Dashboard solution is a proven technology that has helped many SMB businesses achieve their goals in improving the management of their mobile workforce. Starting at $639.00 + GST* this package includes TRK538 hardware and installation plus 12 months communication and access fees to the Netstar dashboard and report suite.

Netstar Package 1

Package 2

Netstar can help you achieve measurable outcomes in the areas of Compliance, WHS and Duty of Care. Our solutions can reduce operating costs through more transparent management of your vehicles & assets. We can also increase your revenues through improved productivity and better utilization of your assets. Starting at $2,600.00 + GST* this advanced package includes our flagship TRK2004 device with 7 inch in-cabin Garmin screen, with driver login, prestart checklist, and Electronic Work Diary. This package also includes installation plus 12 months communication and access fees to the Netstar AVM (Advanced Vehicle Management) dashboard and report suite.

Netstar Package 2

We understand the need to manage numerous tasks within a dynamic business and Netstar has successfully deployed our fleet management solutions across Australia to numerous companies.

Some of the key features that are utilised include:

  • Realtime tracking of mobile assets
  • View asset on a street level map, and report on all activities
  • Geofencing
  • Improve profitability
  • Reduce fuel costs
  • Improve security
  • Enhance planning of your fleet
  • Increase utilization and improve invoicing/billing
  • Retention of loyal customers and manage those that are a risk
  • Value add to customers as a paid service
  • Report on engine hours/ODO readings for billing/service requirements.

But don’t just take our word for it:

“Munster Mechanical aims to be recognised as an industry leader in workplace health and safety and are committed to providing a safe and healthy work environment for all employees, contractors, customers, and suppliers. Our partnership with Netstar has helped us to strengthen this commitment.”

– Munster Mechanical

The key differentiation for our clients is that we tailor our solutions to perfectly fit specific needs, and we are a trusted technology partner to multiple businesses and organisations across Australia. Our customers enjoy peace of mind knowing they are getting accurate and reliable telematics data, helping to efficiently manage fleets and assets.

If you want more information, our friendly staff are always happy to answer any questions you may have, you can call us on 1300 728 882 or email us at sales@netstaraus.com.au

*Terms and conditions apply. Contact Netstar for full details.

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