Subscribe


PD breaking news – Government scraps self-education deduction cap

Federal Treasurer reverses proposed cap on self-education expenses.

The government has just confirmed that it will not proceed with the former administration’s proposed cap on tax deductions for work-related self education expenses.

The much-reviled proposal was feared to have a significant impact on continuing professional development, because it would have meant that attendance at conferences and educational events was no longer tax deductible after the first $2,000.

Treasurer Joe Hockey said the contentious cap was “flawed policy” which will now be dropped.

“Of the 174,000 taxpayers affected by Labor’s tax on self-education, 81% earn less than $80,000 a year,” he said.

“These are the people who are trying to invest in their own education to get ahead…it was flawed policy with no motivation other than a simple headline,” he said.

The Pharmacy Guild said the proposed measure was “contrary to the interests of a skilled workforce with the most up-to-date professional knowledge to assist in the treatment of patients”.

And the Pharmaceutical Society of Australia, which joined with the Guild and many other groups in the ‘Scrap the Cap’ coalition, said the decision was recognition that it would have been “an unfair tax on a captive group of professionals who must by law complete continuing education to maintain their professional registration”.

The former Labor government had already deferred the measure until 2015 in the face of strong opposition from a wide range of professional groups and educational institutions.

More information in tomorrow’s Pharmacy Daily.


The above Breaking News Alert was sent to Pharmacy Daily subscribers on 06 Nov 13

Make a comment...



Established in 2007, Pharmacy Daily is Australia's leading pharmacy industry publication, and is sent as a free subscription to people across the industry as a PDF newsletter every weekday.

Register for Pharmacy Daily trial subscription

To sign up for a free subscription, click on the button at right.

Click here to see a sample issue of Pharmacy Daily.

Click here for more information on subscriptions.

Alternatively, you can search our site via the search box on the right hand side of the page, or find other content below.

Recent Pharmacy Daily articles

21 Aug

Weekly Comment 21 Aug 17: Don’t burn your bridges – Part 1 - This week's contributor is Amy Filicietti, Recruitment ...


21 Aug

Dispensary Corner 21 Aug 17 - THERE'S been a major fake tan fail ...


21 Aug

Healthscope sells medical centres - HEALTHSCOPE Limited on Fri confirmed the $55 ...


21 Aug

Generic orlistat - ARROW Pharma has announced the launch of ...


21 Aug

CW stocks SASMAR - SASMAR has announced that its Conceive Plus ...


21 Aug

Connect with CPD - NEXT week's Pharmacy Connect conference at the ...


21 Aug

JPPR vulnerable focus - THE latest issue of the flagship publication ...


21 Aug

Fake meds webinar - THE International Pharmaceutical Federation (FIP) has announced ...


21 Aug

30% pharmacist pay rise push - PROFESSIONAL Pharmacists Australia has launched a campaign ...


21 Aug

Practice guidelines revised - THE Pharmaceutical Society of Australia (PSA) has ...


18 Aug

Events Calendar 18 Aug 17 - 1-3 Sep: Pharmacy Connect; Hilton Hotel Sydney; ...


18 Aug

Dispensary Corner 18 Aug 17 - THE "afterburner effect" is probably a significant ...


18 Aug

Soliris patent extends - ALEXION Pharmaceuticals has announced that the United ...


18 Aug

New US telepharmacy - RETAIL giant Kmart has opened its first ...


18 Aug

Aus/NZ paracetamol poisoning guidelines - UPDATED guidelines around management of paracetamol poisoning ...


18 Aug

UK OTC psoriasis - BRITAIN'S Medicines and Healthcare products Regulatory Agency ...


18 Aug

TGA balances Lateline - THE Therapeutic Goods Administration's (TGA's) Special Access ...


18 Aug

Medicine misuse - NPS MedicineWise's 7th annual campaign has been ...


18 Aug

Course fever runs hot - GUILD Learning and Development has partnered with ...


18 Aug

FDA Zika samples - THE US Food and Drug Administration (FDA) ...



Show Pharmacy Daily items by month: