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AED Instant Asset Write Off

You can claim one of these defib bundles as an instant asset write off for your business, so what are you waiting for?






The time is now for small businesses to optimise their purchases. This scheme allows businesses to claim an immediate tax deduction for items up to $30K, instead of depreciating over several years.


WorkSafe Health and Safety Executive Director Julie Nielsen-


"Very few people survive a cardiac arrest without swift assistance and the use of an AED might be the difference between life and death," Ms Nielsen said.

"Anyone can use an AED. You do not need specialised training, but you do need access to one to save a life."

An estimated 19,000 AEDs are now installed in locations across Victoria, but many workplaces still do not have this life-saving device.




https://www.worksafe.vic.gov.au/news/2019-07/call-more-life-saving-defibrillators-workplace



As an employer, you must, so far as is reasonably practicable, provide and maintain a working environment that is safe and without risks to health. This includes providing adequate facilities for the welfare of employees at workplaces under their control.

You should consider whether it is reasonably practicable to have an AED on site to manage the risk of death from cardiac arrest in the workplace. An AED can be a risk control in addition to other risk control measures, such as having an appointed first aid officer.



Consider installing an AED in addition to existing first aid procedures, such as having a trained first aider and first aid kits at the workplace. AEDs should be installed in well-known, visible and accessible locations. They should not be locked.

Registration of AEDs in the workplace with Ambulance Victoria helps reduce the time taken to find an AED in an emergency.



Your workplace should also consider formal first aid training for all employees. Formal first aid training should include information on how to administer CPR and use AEDs.




https://www.worksafe.vic.gov.au/use-automated-external-defibrillator-aed-workplace




END OF FINANCIAL YEAR


The end of financial year is fast approaching and now is the best time to…. The safety and first aid for your workplace…



If your business does not have access to a Defibrillator, tax-time is the perfect opportunity for you to ensure your workplace is prepared in a cardiac emergency.


Eligible businesses can claim an immediate deduction for the business portion of the cost of an asset in the year the asset is first used or installed ready for use.



Optimum safety and upholding its Duty of Care at all times.



With people spending one-third of their lifetime at work, there is a strong chance of a cardiac arrest occurring at the workplace. Important to have up to date well stocked first aid kits and AEDs.




For more information about the instant asset write off please speak to your accountant or visit the ATO website - https://www.ato.gov.au/Business/Depreciation-and-capital-expenses-and-allowances/Simpler-depreciation-for-small-business/Instant-asset-write-off/



https://www.stjohnvic.com.au/news/end-of-financial-year-first-aid-advice/



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