The feds propose a 20 per cent bonus tax deduction for small businesses to spend on staff skills and training, which can only be provided by registered VET and HE providers
“The measure supports small businesses to build a better trained and more productive workforce,” the draft explanatory memorandum for the bill states.
It applies to a “broad range of external training across all industry sectors.”
“Bring on the micro-credentials” a learned reader observes.
But why only small business? the LR asks. There are 60 000 registered charities, the staff of which could probably do with a skills lift.