Employer-funded job training for staff about to be made redundant may be FBT free

There’s an exposure-draft of the necessary Commonwealth legislation, for comment by April 29.

“The increased rate of globalisation and technological change, and the changing nature of work and labour market, are among the forces driving the need for continued upgrading of skills throughout life. Retraining and re-skilling plays an important role in allowing Australia’s labour force to benefit from the ongoing transformation of jobs and workplaces,” the explanatory memo states.

If there is serious new money for post school education/training in the budget guess what it will fund.