Peak industry professional bodies have joined together to call on the government to abandon its proposal to cap self-education expenses at $2,000, as proposed in the recent Federal Budget.
Among them, the Tax Institute of Australia (TIA) has recently issued a media release calling the proposal 'bad policy' which will result in 'unintended consequences'. They, and other bodies, will continue to pressure the government to consider alternative measures that would tighten the existing law to prevent exploitation without penalising those legitimately seeking to further their education by funding it themselves.
We hope the government reconsiders this blunt initiative, and will continue to keep you posted.
You can read the full text of the TIA's media release here.