Territory Stories

The Centralian advocate Fri 7 Aug 2009



The Centralian advocate Fri 7 Aug 2009


Centralian Advocate; NewspaperNT




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Community newspapers -- Northern Territory -- Alice Springs; Tennant Creek (N.T.) -- Newspapers; Alice Springs (N.T.) -- Newspapers.; Australia, Central -- Newspapers

Publisher name

Nationwide News Pty. Limited

Place of publication

Alice Springs


v. 63 no. 22

File type



Copyright. Made available by the publisher under licence.

Copyright owner

Nationwide News Pty. Limited



Parent handle


Citation address


Page content

Centralian Advocate, Friday, August 7, 2009 5 P U B : C A D V D A T E : 7 -A U G -2 0 0 9 P A G E : 5 C O L O R : C M Y K Authorised by the Australian Government, Capital Hill, Canberra. Advertisement Tax Break Business To help Australian businesses, a temporary tax break is available on plant and equipment you need to buy to keep your business running. The tax break is not a refund, rebate or tax offset. Its a tax deduction to reduce the assessable income of your business. Deadlines apply. 50% tax break for businesses with turnover less than $2 million. If you own a small business that turns over less than $2 million a year, you can claim an extra 50% tax deduction on the cost of eligible assets which cost $1,000 or more. To qualify, the asset must be bought between 13 December 2008 and 31 December 2009 and be installed by 31 December 2010. 30% or 10% tax break for businesses with turnover of $2 million or more. Larger businesses may qualify for an extra tax deduction on eligible assets which cost $10,000 or more. To qualify for the 30% tax deduction, the asset had to have been bought between 13 December 2008 and 30 June 2009. It will need to be installed by 30 June 2010. The 10% tax deduction is available depending on when the asset was bought. It needs to be installed by 31 December 2010. What can I buy? The tax break covers new, tangible, depreciating assets such as: cars, vans, trucks and other business vehicles computer hardware (but not software) tools furniture. It also covers capital improvements to existing machinery and equipment. Where do I fi nd out more? Contact your tax adviser, visit the website www.australia.gov.au/businesstaxbreak or phone the business tax break info line on 1300 337 921. SBGTB1/5 MID YEAR STOCK CLEARANCE! North Stuart Highway Alice Springs LMVD307 5 2 0 6 0 5 /1 0 G Contact David or Carlos on 05 Ford Focus LX Sedan $13988 2.0Lt 4 Cylinder ABS Brakes Dual Air Bags Alloy Wheels DRIVE AWAY S/N 140308 8952 2333 sales@centralianmotors.com.au www.centralianmotors.com.au WAS $16990 4 Speed Automatic TERRITORY Attorney-General Delia Lawrie attended the Standing Committee of Attorneys-General in Alice Springs yesterday when the issue of the day was the establishment of a national indigenous law and justice framework. A report titled the Overcoming Indigenous Disadvantage Report was discussed. It revealed that nationally, indigenous juveniles were 28 times more likely to be incarcerated than non-indigenous young people . Fence will go up School agrees to open one gate Cameron Boon A CONTROVERSIAL 2.3m fence around Braitling Primary School will go ahead, but the community will be given access to the school grounds. Department of Education and Training Central Australian schools general manager Paul Newman said community groups, including the Northside Parks Group, and the school had come to an agreement earlier this week. He said: The school and the community groups who use Braitlings grounds have negotiated a way to access the grounds after hours. The school council is keen to keep the school secure and the community groups are keen to be able to keep using the grounds and I think weve come to an agreement. Braitling Primary school will be locked up except for one gate that will be kept open seven-days-a-week after school hours. It will be open after school and on weekends until night, at which point the janitor will lock the doors. Alderman and Northside resident Murray Stewart chaired the meeting that took place on Tuesday. He said he was pleased with the win-win situation the meeting had brought about. Mr Stewart said: I urge the parents and the community groups to get behind it.

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