NatRoad discusses the new transport training plan to upskill workers
The National Road Transport Association (NatRoad) is calling for subbies to be included as part of the recent transport industry training boost to upskill workers.
The association says one sweet spot in the federal budget was the support given for small businesses to allow them to upskill their employees through the skills and training boost.
Assuming this measure passes after the upcoming election, small businesses with an aggregated annual turnover of less than $50 million may have access to a 20 per cent bonus tax deduction for the cost of external training courses delivered to their employees by Australian-registered providers.
This means for every $100 spent on training by these companies, they can receive a $120 tax deduction.
NatRoad is also asking for sub-contractors to be included in this boost so the entire industry can benefit from training designed to upskill many transport workers.
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NatRoad says there’s no limit on how much spending on training courses can be deducted by a small business at the bonus rate of 120 per cent but says the course must be run by an external education provider registered in Australia.
In this proposed training, the association warns that in-house and on-the-job training aren’t eligible, as NatRoad wants subbies involved.
Money spent training people who are no longer employees of the business also isn’t included in this new scheme.