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Edited version of private advice

Authorisation Number: 1051839582152

Date of advice: 18 May 2021

Ruling

Subject: Self-education expenses

Question

Are your self-education expenses deductible?

Answer

Yes. Your self-education expenses are deductible, as it is accepted the study meets the requirements detailed in Taxation Ruling TR 98/9. Further information about self-education expenses can be found by searching 'QC 31970' on ato.gov.au

This ruling applies for the following periods:

Year ending 30 June 20XX

Year ending 30 June 20XX

The scheme commences on:

1 July 20XX

Relevant facts and circumstances

You have a number of qualifications relating to finance.

You work for a financial institution.

Your current employment duties include:

•         Effective management of project costs (e.g.: vendor, travel associated costs)

•         Ensure all customers of exited advisers are identified and customer files are retrieved from exited advisers accordingly

•         Ensure customer enquiries are dealt with in a timely manner

•         Ensure customer complaints are referred to the relevant area

•         Develop and implement a process to identify and liaise with various groups

•         Develop and maintain a plan to track progress of the project stream

•         Ensure issues are investigated, analysed and reported and escalated in line with your employer's policies

•         Working cooperatively, effectively and efficiently with all Project Leadership team members

•         Manage relationships with internal and external stakeholders

•         Project Governance - ensuring consistency and accuracy within Project approved principles and guidelines

•         Ensure business risks are appropriately identified and managed including appropriate risk mitigation plans

•         Ensure adherence to legislative and regulatory requirements and your employer's policies while maintaining current market and legislative industry knowledge.

In 20XX you began a course of study.

The course will consist of subjects all related to your current employment.

Relevant legislative provisions

Income Tax Assessment Act 1997 section 8-1

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