There is No Better Time to Employ an Apprentice.
The Federal Government’s Boosting Apprenticeship Commencements wage subsidy will be available to businesses who engage an apprentice or trainee from 5 October.
Through the subsidy, any business or Group Training Organisation that engages an Australian apprentice between 5 October 2020 and 31 March 2022 may be eligible for a subsidy of 50 per cent of wages paid to a new or recommencing apprentice or trainee for a 12-month period from the date of commencement, to a maximum of $7,000 per employee per quarter. There is no cap on the number of eligible trainees/apprentices.
The subsidy is open to businesses of all sizes. Businesses or Group Training Organisations may be eligible if:
- they engage an Australian Apprentice or trainee between 5 October 2020 and
- 31 March 2022; and
- their Australian apprentice or trainee is undertaking a Certificate II or higher qualification and has a training contract that is formally approved by the state training authority.
Additional eligibility requirements will apply to existing workers.
Businesses should advise their Australian Apprenticeship Support Network provider (which can be found at australianapprenticeships.gov.au/search-aasn) of their intent to claim this subsidy during the process of hiring apprentices and trainees.
A fact sheet with more information can be found HERE.