This is an expense payment fringe benefit.
The taxable value is the amount you pay. If the self-education expenses are work-related, the taxable value can be reduced by the otherwise deductible rule (refer to section 9.4). The use of the otherwise deductible rule must be supported by certain records (refer to section 9.5).
Unlike when claiming an income tax deduction, for FBT you don't have to reduce self-education expenses by $250 when working out the otherwise deductible amount.
Higher Education Loan Program (HELP) charges are not otherwise deductible for the employee, and the full value is subject to FBT if paid by you. All HELP debt repayments and HECS-HELP student contributions in the form of upfront payments for Commonwealth supported higher education are not otherwise deductible for the employee. This means that the full value is subject to FBT if paid by you.
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