Temporary full expensing is a short term tax initiative that allows businesses to claim an immediate deduction for the business portion of the cost of an asset in the year it is first used or installed ready for use for a taxable purpose. The incentive has now been extended for eligible businesses until 30 June 2023.

For more information, click on the link below
https://www.ato.gov.au/business/depreciation-and-capital-expenses-and-allowances/temporary-full-expensing/