The bill therefore proposes to provide greater deductibility of feasibility and other currently non-deductible expenditure to encourage business innovation and investment. We are proposing that taxpayers can deduct, spread over five years, expenditure incurred to investigate whether to invest in a new asset that is subsequently abandoned. The Government is mindful of the need to minimise complexity, especially for smaller businesses; so to keep things simple, taxpayers will be allowed an immediate deduction of feasibility expenditure if, in a year, that expenditure amounts to $10,000 or less in total. This is a change that is good for business and good for our economy. When the tax system does not allow a deduction for feasibility expenditure, an economic distortion is created, and that weakens the economy and the system.