Treasury Laws Amendment (2022 Measures No. 4) Bill 2022

The majority voted against amendments (1) to (5), introduced by NSW Senator Andrew Bragg (Liberal), which means they were not successful. The amendments would have removed the requirement that training must be delivered by a registered provider to be eligible for the bonus deduction (up to a maximum of $20,000).

Amendment text

(1) Schedule 4, item 1, page 39 (after line 21), after subsection 328-445(3), insert:

Limit on deductions relating to training provided by non-registered training providers

(3A) Despite subsections (1) to (3), the total of your deductions under this section for an income year in relation to expenditure that is not covered by subsection (3B) cannot exceed $20,000.

(3B) This subsection covers expenditure you incur for any of the training mentioned in section 328-450 provided by a particular provider if, at the time you incur the expenditure:

(a) the provider is a registered body of any of the following kinds:

(i) a registered higher education provider (within the meaning of the Tertiary Education Quality and Standards Agency Act 2011);

(ii) a NVR registered training organisation (within the meaning of the National Vocational Education and Training Regulator Act 2011);

(iii) a registered education and training organisation (within the meaning of the Education and Training Reform Act 2006 (Vic.));

(iv) a registered training provider (within the meaning of the Vocational Education and Training Act 1996 (WA)); and

(b) if the provider is a registered body of a kind mentioned in paragraph (a)(ii), (iii) or (iv)—the training is within the provider's scope of registration for that kind of registered body.

(2) Schedule 4, item 1, page 40 (line 10), omit "(1)".

(3) Schedule 4, item 1, page 40 (lines 15 to 22), omit paragraph 328-450(1)(b).

(4) Schedule 4, item 1, page 40 (lines 31 and 32), omit the note, substitute:

Note: Paragraph (c) means this section will not apply to expenditure for training provided by you in house.

(5) Schedule 4, item 1, page 40 (line 33) to page 41 (line 11), omit subsection 328-450(2).