Tertiary Education Tax Breaks Supported

MEDIA RELEASE – 27 October 2000

Tertiary Education Tax Breaks Supported

“Tax incentives for business contributions to tertiary education are an excellent idea,” says Margaret Yates, executive member of the New Zealand Association of Private Education Providers (NZAPEP). “Education and business need to be closely tied together and well-designed incentives have a role to play.”

“PTEs have close links to community groups and businesses, usually working in niche markets. Access to top-level facilities and equipment is needed for education and the business sector has often helped in supplying or funding these. The proposed tax regime would give us the chance to develop those relationships further, by recognising the commitment that businesses make to tertiary education.”

“The private sector is particularly impressed that the Government is not just looking at applying tax breaks to universities. All tertiary education providers have a role in building the knowledge economy. We look forward to working with the Government on this issue through the tax review.”

Contact Margaret Yates on 03 389 5357 (work), 025 360 924 (mobile)

NZAPEP is the largest national association of private training establishments registered with NZQA. Its 140 members enrol about half of the PTE students in New Zealand.

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