Cap on hold: ‘a win for common sense’
In a mini-budget-style economic statement released late last week, Treasurer Chris Bowen said the unpopular $2000 cap would be delayed by one year to 1 July 2015. The deferral means the government will lose out on $250 million in forecast revenue.
In the statement, Mr Bowen gave little explanation for the deferral except to say it would “allow for further consultation on how best to target excessive claims while ensuring the impact on university enrolments and genuine continuing professional development is minimised”.
The move was