Backing Territory business to invest, grow and create jobs

Backing Territory business to invest, grow and create jobs Michael Dean Tue, 06/10/2026 - 10:31 Territory businesses are investing in the tools and equipment they need to grow, with new data showing 2,200 Instant Asset Write-Off claims worth $47.5 million were made in the 2024-25 financial year. Across Australia, there were around 300,700 Instant Asset Write-Off claims worth more than $4.3 billion in 2024-25 financial year. Agriculture recorded the highest value of assets claimed, with around 32,600 claims worth $808.7 million, almost 19 per cent of the total value claimed. Professional, scientific and technical services also recorded around 41,600 claims worth $398.1 million, while health care and social assistance businesses made around 25,700 claims worth $240 million. This new data comes as grow Territory business mark the 30th annual October Business Month which is taking place at the same time at the 12th national Indigenous Business Month. These months falling at the same time present an excellent opportunity to recognising entrepreneurs and small businesses, including First Nations businesses, creating jobs and opportunities across the Territory. In recognition of the impor

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