Reform to Deductions for Education Expenses – Discussion Paper
Submission Date: 16 July 2013
The Tax Institute and the Business Law Section of the Law Council of Australia (Joint Bodies) are pleased to have the opportunity to make a submission to the Treasury in relation to the Reform to deductions for education expenses Discussion Paper that proposes to impose a $2,000 cap on deductions for losses and outgoings incurred in relation to education.
The Joint Bodies note that there has been an overwhelming negative public response to this proposed measure since the Government announced the measure on 13 April 20131. This response has come not only from tax professionals who advise on the operation of the tax law, but from taxpayers directly affected by the announcement, numerous professional bodies, many members of the different professions who have education requirements to meet and from the educators who provide this necessary education to maintain high standards among Australian professionals. This response should be regarded by Government as a reflection of the profoundly flawed nature of the proposal and its inconsistency with other recent policy changes.
1 See Deputy Prime Minister and Treasurer Media Release No. 48 dated 13 April 2013 (Media Release).
Last Updated on 07/05/2025
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