Fees Sponsor, Third Party
CIT has received advice that as an employer you can pay an invoice for your apprentice's course fees as if the invoice were addressed to your company. This payment would still be tax deductable for your company (section 8-1 of the Income Tax Assessment Act 1997), would not incur Fringe Benefits Tax (otherwise deductible provisions in section 24 of the Fringe Benefit Tax Assessment Act 1986) and your company is entitled to claim input tax credits for any GST paid (section 7-1 of the GST Act).
Please note that the above is provided as general advice only and employers/individuals should seek tax advice from a registered tax practitioner to confirm the application of above specific to their circumstances.
As an employer you may still be able to access the sponsorship service depending on how many students you intend to sponsor. If this is the case, you should contact CITApprenticeships@cit.edu.au to enquire.