Labour would scrap coalition's Investment Boost for small business package

Labour would scrap the coalition's Investment Boost and replace it with a small business package. The main change lifts the instant asset write-off threshold from $1,000 to $10,000, letting small firms deduct new equipment costs immediately rather than over time. Leader Chris Hipkins said owners would "get paid sooner, get more support to invest" and "keep more of what they earn."