Government defers education expenses cap

Work related educational expenses cap delayed until 2015.

Federal Treasurer Chris Bowen has announced the deferral of the introduction of the government’s controversial $2000 cap on work related education expense deductions until 01 July 2015.

An economic statement just released confirms the move, saying that the delay “will allow for further consultation on how best to target excessive claims while ensuring the impact on university enrolments and genuine continuing professional development is minimised”.

More information will be released and reported over the coming days.

Well done to all supporters from a range of professions and industries who got behind ScrapTheCap and the many associated petitions!