Earlier this year the Australian Government announced that it planned to introduce a $2000 cap on work-related self-education expenses as part of tax reforms in the 2013 Budget. A Discussion Paper was released in May 2013, and submissions closed 12 July 2013.
AGIA opposes the introduction of such a cap, and supported the Australian Geoscience Council’s (AGC) submission to the Australian Government Treasury Department in response to the Discussion Paper:
“…The Australian Geoscience Council is very concerned by the Government’s proposal to introduce a $2,000 cap on tax deductions for work-related self education. We regard the proposal as short-sighted, one that will have an increasingly adverse impact on productivity in an important part of the Australian economy, and one which will stifle innovative initiatives so necessary for economic growth. If the Government wishes to persevere with this detrimental policy, we urge that the cap be increased significantly to reflect the real costs of self education in this day and age.”
View the AGC’s full submission here: AGC submission on reforms to self-education expenses July 2013
Another professional association of interest to AGIA’s membership – The Australian Library and Information Association (ALIA) – has joined the #ScrapTheCap Alliance. You can read more about the #ScrapTheCap campaign here.