Up to $28,000 to assist with wages for each employee that becomes a Trainee or Apprentice in your business.
To assist with the recovery from the impact of COVID-19, the Australian Government is providing support to all employers who engage a new Australian Trainee or Apprentice.
The $1.2 billion Boosting Apprenticeship Commencements wage subsidy will support businesses and Group Training Organisations to take on new apprentices and trainees, to build a pipeline of skilled workers to support sustained economic recovery.
Any businesses that engage an Australian Trainee on or after 5 October 2020 may be eligible for a subsidy of 50 per cent of wages paid to an apprentice or trainee between 5 October 2020 and 30 September 2021, to a maximum of $7,000 per quarter. If eligible for the full 4 quarters, a total maximum of $28,000.
If you have current casual or part-time employees you may also be able to get the wage subsidy if you increase their hours and put them on a Traineeship.
This assistance will support 100,000 new trainees and apprentices across Australia. Businesses who have existing casual, part-time or full-time employees may also be eligible to access this program.
Most businesses with eligible employees who enrol them in an approved course within 3 months of becoming full time will be eligible. Existing part-time staff may also be eligible if they have been with you less than 12 months and are prepared to undertake a traineeship or apprenticeship.
Act now as access to this wage subsidy of up to $7,000 per quarter will only be available for the first 100,000 trainees or apprentices engaged right across Australia. With over 2.3 million businesses being eligible, small businesses will need to get in fast or miss out on this opportunity.