Universities Australia News | 8 July 2013
Universities Australia has hosted a meeting of 20 professional peak bodies who are calling on the Commonwealth government to remove a $2,000 per year cap on tax deductions for self-education, which is due to come into effect next July.
Belinda Robinson, chief executive of Universities Australia described the cap as “a tax on learning at the very time when we need to encourage continuous up-skilling of the qualifications needed for a productive, diverse, innovative, knowledge based economy.”
Robinson pointed out that the measure would undermine efforts to encourage greater productivity, innovation and workforce participation.
This is a short sighted measure which will have long-term consequences as we move from the resources boom to diversify our economy and build new knowledge-based industries. A smarter Australia requires a smarter approach to lifelong education and training.
Attending the meeting were professional groups representing doctors, nurses, dentists, engineers, accountants, architects, lawyers, pharmacists, veterinarians, universities, company directors and many other professions and services united in their “vehement opposition” to the measure.
The group agreed to step up its advocacy in opposition to the cap including by commissioning modelling on the impact on the economy and other means.