The Federal Government has postponed a decision about a controversial proposal to cap deductions for self-education expenses at $2000.
In its economic statement released last week, the Government deferred until May a decision on introducing the cap, prompting speculation the cap may be dropped entirely.
The Coalition has strongly criticised the cap but has not committed to dropping it.
NIBA CEO Dallas Booth, who publicly lobbied against the cap, welcomed the decision.
“We’re very pleased to hear that the Government has deferred its decision to cap self-education expenses,” he says.
“This measure would have been counter-productive to national ambitions of having a highly trained, highly skilled Australian workforce, as well as being bad news for businesses and individuals.”