by leave—I move opposition amendments (1) to (5) on sheet 1859 together:
(1) Schedule 4, item 1, page 39 (after line 21), after subsection 328-445(3), insert:
Limit on deductions relating to training provide d 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).
The government will be opposing this. The amendment would remove the requirement that training must be delivered by a registered provider to be eligible for the bonus deduction, and small business could claim a 20 per cent bonus deduction for expenditure on training delivered by a non-registered provider up to a maximum bonus deduction. The bonus deduction for expenditure on training delivered by registered training providers would remain uncapped. The Skills and Training Boost introduces the bonus 20 per cent tax deduction to support small business with annual turnover of less than $50 million to train and upskill employees using registered training providers. The registration requirement is an important safeguard that supports the quality and integrity of the training provider. It ensures that training that is eligible for the Skills and Training Boost is delivered by providers that are regulated and meet rigorous government standards. This approach is consistent with that proposed by the former government.
The question before the chair is that amendments (1) to (5) on sheet 1859, as moved by Senator Bragg, be agreed to.
Date and time: 6:17 PM on 2023-06-20
Senator Pocock's vote: Aye
Total number of "aye" votes: 29
Total number of "no" votes: 30
Total number of abstentions: 17
Related bill: Treasury Laws Amendment (2022 Measures No. 4) Bill 2022
Adapted from information made available by theyvoteforyou.org.au