Skills and Training Boost

This consultation process has now been completed.
Date
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Consultation Type
Exposure Draft

Key Documents

The Government is consulting on exposure draft legislation to introduce a Skills and Training Boost to support small businesses to train and upskill their employees.

The Skills and Training Boost will provide small businesses (with aggregated annual turnover less than $50 million) with access to a bonus 20 per cent tax deduction for eligible expenditure incurred on external training delivered to their employees by providers registered in Australia.

The boost will apply to eligible expenditure incurred from 7:30 pm (AEDT) on 29 March 2022 until 30 June 2024.

The Government is seeking stakeholders’ views on the exposure draft legislation and accompanying explanatory materials implementing this measure.

Submissions

No submissions are currently available.