From www.knowledgeshop.com.au: Political parties have launched early campaigns for the upcoming election, revealing key policy announcements beneficial to accountants and advisers.

Notable proposals include a $20,000 per annum tax deduction for business-related meal and entertainment expenses for SMEs, and a permanent increase of the instant asset write-off to $30,000.

Additionally, $2 billion is allocated for a Green Aluminium Production Credit to support the transition of aluminium smelters to renewable energy, alongside significant infrastructure spending plans from the Albanese Government.