Instant Asset Write Off on Compactors
30 March 2020
Compactors ‘Ready to Work’ towards Infrastructure growth
In a country where the population covers vast distances, road infrastructure is critical to sustaining Australian communities.
When selecting the right equipment to build, repair and maintain road infrastructure, machine versatility, simplicity of operation, and machine uptime are the most important factors.
Cat® compactors are specifically designed for all compaction operations, often working in tandem, the CW12 and the CB7 compactors are centric to the asphalt industry.
Ryan Van Den Broek, Sales Manager – Road Construction and Infrastructure at Hastings Deering, said that while these machines are designed for compaction efficiency, the biggest benefit to these compactors is the Operating position and safety factors.
“The way Cat have designed the operator station is so that you have better visibility by always operating in the forward position,
which reduces the potential blind spots.”
“The big thing both of these compactors have, is that they’re on the same platform offering a 358-degree seat that allows the operator to always be working in the forward direction,” he states. “No matter what direction you sit in, the machine controls change accordingly.”
“The CW12 Compactor is a 7-wheel pneumatic compactor, weighing 8.8 tonnes. That has the bigger squarer profile tyres suited to asphalt. Its 2.09 metre compaction width excels on asphalt and granular materials with a higher overlap between the tyres,” he said.
“Having the oscillation between each tyre gives better contact to the ground, and therefore better compaction because of that contact.”
“The CB7 has a lot of features that are above and beyond what others have. At Hastings Deering we offer some great service features for this one – including a Pod-style vibration systems on the drum with 3000-hour service intervals.”
Mr. Van Den Broek stated that one of the key benefits of owning these machines is having the support of the vast Caterpillar service network across Australia.
"These machines are being used heavily across many road and infrastructure projects around the country. The Cat product and extended offerings around the service network can help control owner operator costs over the long term. The Cat Service Network is a huge advantage.”
While the future is daunting in many industries, the Queensland Government announced in March, a stimulus package to invest in helping the economy withstand and recover from the impact of the COVID-19 situation. This package will help ease the pressure on business owners in the road construction industry.
“Even though it’s a difficult time right now, the one thing that will always be a constant is that roads will always need to be fixed, we will always have infrastructure growing,” Mr. Van Den Broek said.
“The stimulus will help to increase the amount of roadworks, repairs and maintenance to infrastructure,” he states. “Having this stimulus is going to help our customers to get the machines they need in order to keep up with the demand that will be coming.”
With the Government increasing its Instant Asset Write Off (IAWO) from $30,000 to $150,000, both the CW12 and CB7 compactors now fall within this threshold.
Mr. Van Den Broek said that the inventory availability at Hastings Deering will allow for a quick turnaround with machine delivery.
“We have a bunch of machines in stock built to the ‘go to work pack’,” he states. “This ‘Go to work pack’ includes all the pre-delivery, fire extinguisher, rotating beacon, registration, seat cover and all the bits and pieces customers need; without the being put through the workshop.
“The machines are prepared, they are ready! All that is needed is quick detail and paid registration and they’ll be out the door.”
The higher threshold provides cash flow benefits for businesses that will be able to immediately deduct purchases of eligible assets each costing less than $150,000.
The threshold applies on a per asset basis, so eligible businesses can immediately write-off multiple assets.
This proposal applies until 30 June 2020, for new or second-hand assets purchased and delivered within this time-frame.