Instant Asset Write-Off Benefits Independent Tertiary Education Students

Students with independent higher education, vocational education, training and skills providers will
benefit from the decision of the Australian Government to extend the $150,000 instant asset write -off for
six months to 31 December 2020.

“The extension of this measure will help independent tertiary education providers invest in the
infrastructure that allows them to better support students,” said Troy Williams, ITECA Chief Executive.

The Australian Government has announced the measure that allows Australian businesses with an annual
turnover of less than $500 million to tak e advantage of this extended timeframe. It’s a timely decision as
many independent tertiary education providers consider investments to support the return of students.

“This is particularly important to the independent higher education sector, which includ es a large number
of relatively small providers with less than 100 fulltime staff. Despite their small size, these independent
higher education providers excel at delivering quality outcomes and the extension of the instant asset
write -off will assist the m to invest in new infrastructure to continue this excellence,” Mr Williams said.

Students with i ndependent Registered Training Organisations (RTOs) will also benefit from the
investment in new infrastructure.

“The extension of the instant asset write -off will help independent RTO s invest in everything from new
equipment that supports students get the skills they need through to improvements to online learning
architecture,” Mr Williams said.

ITECA represents independent providers in the higher education, vocational education, training and skills
sectors. There are around 120 independent provider s in the higher education sector that support around
10% of the 1.5 million students in higher education. Independent RTOs support more than 80% of the 4.1
million students in vocational education and training programs.

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