Australia's Federal Treasurer, Josh Frydenberg, issued a release on 9 June 2020 to announce that the government is extending the expanded instant asset write-off relief that was introduced in response to COVID-19. With effect from 12 March 2020, the instant asset write-off threshold was increased from AUD 30,000 to AUD 150,000 and was expanded to include businesses with annual turnover of less than AUD 500 million (up from AUD 50 million) until 30 June 2020. This will now be extended for qual…