Re: GA Career in 40s
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Re: GA Career in 40s         


Author: Marty
Date: Dec 2, 2007 05:37

yajnyaj wrote:
> The career path is:
> ATPL ("frozen" probably)
> Hours, hours, hours

Hours are no longer the issue that they were five or so years ago.
> 737 (or similar) conversion at *Your own expense*:

Both Virgin and Jetstar have alternatives to self-funded endorsements now,
such as salary sacraficing. Other airlines generally require a bond.

--
Posted at www.Usenet.com.au
12 Comments
Re: GA Career in 40s         


Author: Marty
Date: Dec 2, 2007 15:37

GB said:
>> Were self funded endorsements always able to be claimed as an
>> income tax deduction?

Craig Welch wrote:
> Yes.

From the ATO.

WORK-RELATED SELF-EDUCATION EXPENSES

You can only claim self-education expenses that related to your work as an
employee at the time you were studying. If your self-education was to help
you get a new job or commence a new income-earning activity, you cannot
claim your expenses.

--
Posted at www.Usenet.com.au
no comments
Re: GA Career in 40s         


Date: Dec 2, 2007 19:16

"Marty" wrote in message news:fivm7n$lvp$1@aioe.org...
> Kind of, but not really. Your initial "yes" response in isolation is
> probably not correct without qualifying the statement. An Airbus or Boeing
> endorsement has to be obtained for *current employment*, and since the
> letter of offer doesn't come until the pilot is checked to line, you may
> be challenged to prove its legitimacy as a claim. A large number of pilots
> in Oz have been audited and had their claim ruled against them for
> precisely this reason. The cost of the endorsement usually raises the red
> flag in the ATO.
>
> Even a pilot in general aviation who wants to fly an additional type
> should have the immediate need for it. Getting something as simple as a
> Chieftain endorsement while employed as an instructor at Bankstown (when
> it's not on your AOC) so that you might chase flying in Darwin is not
> \generally\ a legitimate claim. It's less likely to raise ATO suspicion,
> less likely to be challenged, and widely accepted in the industry as
> something that's done legitimately - but that doesn't make it legal.
>
> I rent a room in my house to a girl who works compliance in the ATO (who I
> worked in the cops with as a prosecutor) and I've had her chase up rulings ...
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Re: GA Career in 40s         


Author: Marts
Date: Dec 3, 2007 00:03

Marty wrote...
> Hours are no longer the issue that they were five or so years ago.
>
>
>> 737 (or similar) conversion at *Your own expense*:
>
>
> Both Virgin and Jetstar have alternatives to self-funded endorsements now,
> such as salary sacraficing. Other airlines generally require a bond.

What sort of costs are we looking at, here? And what would be the minimum quals
to get behind the wheel of a pax jet? ie. flying quals, education, etc..?

And finally, at what age would they stop looking at you, for any aviation
career?
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Re: GA Career in 40s         


Author: Marts
Date: Dec 3, 2007 00:03

GB wrote...
> Were self funded endorsements always able to be claimed as an
> income tax deduction? The salary sacrifice thing is good, saves
> a whole bunch of paperwork and messing around waiting for something
> you'd claim later anyway.

What? double dip???

Some guys where I work do this with laptops. They buy them, then sal sac them,
then claim them at the end of the year, basically getting a $2,000 laptop for
around $500 out of pocket.

Of course, if the ATO ever catches up with them....
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Re: GA Career in 40s         


Author: Marts
Date: Dec 3, 2007 14:08

GB wrote...
> straight forward I think, but it was quite clear to me that
> there isn't much scope for playing silly buggers. The employer

Yep, not only does the ATO get to ream you, but your employer is well within its
rights to give you the flick. It's just not worth it, not for a few hundred bux.
> I bought one via salary sacrifice. That got me (if I interpret
> the thing correctly) the machine at $price less income tax,
> less GST. As it happens Apple offers an education discount
> of circa 10%%, and the instutition that I work for has
> negotiated an additional discount (5-10%% I think) from them.

I nearly bought a laptop from Orificeworks recently. It would have cost me
around $1,000 pre-tax. Sal. Sac cost would have been around $600 or thereabouts.
Then there was a $100 rebate which I would have claimed afterwards, making the
effective nett cost around $500.

Ended up spending the dough on the rennos...
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Re: GA Career in 40s         


Author: Marts
Date: Dec 3, 2007 16:11

Marty wrote...
> employee at the time you were studying. If your self-education was to help
> you get a new job or commence a new income-earning activity, you cannot
> claim your expenses.

And that sucks big time. There is little incentive or assistance for those who
wish to get off the dole, say in the case of long term unemployed, particularly
older people who are actively discriminated against in preference for younger
people.

Long term unemployed receive what Centrelink calls "intensive assistance". This
so called "assistance" is usually little more than showing them how to write a
resume, how to present themselves at an interview and how to participate in said
interview. Not that this is of much use if no prick is even considering your
resume because you're too old.
no comments
Re: GA Career in 40s         


Author: Marts
Date: Dec 3, 2007 16:14

Craig Welch wrote...
> Most *endorsements* are obtained by people who are already pilots.

I'm confused here. How can someone get an endorsement if he or she isn't already
a pilot?
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Re: GA Career in 40s         


Author: Oppylock
Date: Dec 3, 2007 20:34

"Marts" yahoo.com.au> wrote in message
news:pg77l3lantbj3gap4c3g6asa7035tc8kmm@martz_57.com...
> GB wrote...
>
>> Were self funded endorsements always able to be claimed as an
>> income tax deduction? The salary sacrifice thing is good, saves
>> a whole bunch of paperwork and messing around waiting for something
>> you'd claim later anyway.
>
> What? double dip???
>
> Some guys where I work do this with laptops. They buy them, then sal sac
> them,
> then claim them at the end of the year, basically getting a $2,000 laptop
> for
> around $500 out of pocket.
>
> Of course, if the ATO ever catches up with them....

It's legal ... for now.
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Re: GA Career in 40s         


Date: Dec 3, 2007 20:48

"Craig Welch" pacific.net.sg> wrote in message
news:0k19l3tb6oi7mhvpuvl45df58e1sufm20i@4ax.com...
> Marts yahoo.com.au> said:
>
>>GB wrote...
>>
>>> straight forward I think, but it was quite clear to me that
>>> there isn't much scope for playing silly buggers. The employer
>>
>>Yep, not only does the ATO get to ream you, but your employer is well
>>within its
>>rights to give you the flick. It's just not worth it, not for a few
>>hundred bux.
>
> It's none of an employer's business what mischief an employee gets
> up to in his own time ...tax or anything related. Unless it reflects
> publicly on the employer.
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