Document ID: chunk:federal_register_of_legislation:C2024C00267:section:3:p56
Version: federal_register_of_legislation:C2024C00267
Segment Type: section
Provision Reference: s 3 (pt 56/64)
Character Range: 537177–539867

not apply in relation to a deduction under this section.

328‑450  Expenditure eligible for the bonus deduction for upskilling employees of small business entities etc.
 (1) This section applies to expenditure if:
 (a) you incur the expenditure for the provision of:
 (i) in‑person training for one or more of your employees located in Australia; or
 (ii) online training for one or more of your employees; and
 (b) at each time you incur any of the expenditure for any of the training provided by a particular provider:
 (i) the provider is a registered body of a kind listed in subsection (2); and
 (ii) if the provider is a registered body of a kind listed in paragraph (2)(b), (c) or (d)—the training is within the provider's scope of registration for that kind of registered body; and
 (c) none of the providers of the training is you or an associate of you; and
 (d) each enrolment, or arrangement, for the provision of the training is made or entered into at or after 7.30 pm, by legal time in the Australian Capital Territory, on 29 March 2022; and
 (e) the expenditure is charged, directly or indirectly, to you by the providers of the training.
Note: Paragraphs (b) and (c) mean this section will not apply to expenditure for on‑the‑job training or training provided by you in house.
 (2) For the purposes of paragraph (1)(b), the kinds of registered bodies are as follows:
 (a) a registered higher education provider (within the meaning of the Tertiary Education Quality and Standards Agency Act 2011);
 (b) a NVR registered training organisation (within the meaning of the National Vocational Education and Training Regulator Act 2011);
 (c) a registered education and training organisation (within the meaning of the Education and Training Reform Act 2006 (Vic.));
 (d) a registered training provider (within the meaning of the Vocational Education and Training Act 1996 (WA)).

328‑455  Technology investment boost deduction

Normal or late balancers—deduction for 2022‑23 income year
 (1) You can deduct for the 2022‑23 income year an amount that is equal to the sum of:
 (a) the lower of $20,000 and 20% of the total amount (which may be nil) of your expenditure to which subsection 328‑460(1) applies; and
 (b) the lower of $20,000 and 20% of the total amount (which may be nil) of your expenditure to which subsection 328‑460(2) applies.

Early balancers—deduction for 2023‑24 income year
 (2) Subsection (1) does not apply if your 2022‑23 income year starts before 1 July 2022. Instead, you can deduct for your 2023‑24 income year an amount that is equal to the sum of:
 (a) the lower of $20,000 and 20% of the total amount (which may be nil) of your expenditure to which