In a medium sized mixing bowl, cream butter, sugars, egg and vanilla until light.
In a separate mixing bowl, add flour, baking powder, cinnamon, nutmeg and instant steel cut oats. Add to medium bowl with creamed butter and mix well using wooden spoon. Fold in chocolate chips.
Roll dough into even sized balls with hands and lightly press onto clean cookie sheet.
Bake at 350 degrees for 8-12 minutes. Cool on rack completely before serving.