The Federal Government recently announced the expansion of the Boosting Apprenticeship Commencements wage subsidy program until 30th September 2021.
In less than 5 months the initial program provided financial assistance to help Australian Businesses to take on 100,000 new apprentices. The government has now committed a further $1.2 billion to generate an additional 70,000 apprentice and trainee positions in a bid to help Australia’s economic recovery from COVID-19.
“By expanding this wage subsidy for another 12 months, we’ll be helping businesses to create even more jobs, further supporting our National Economic Recovery Plan for Australia.” Michaelia Cash – Minister for Employment, Skills, Small and Family Business
The Boosting Apprenticeship Commencements wage subsidy program details:
- 50 per cent subsidy of an apprentice’s wages from the date of commencement, up to a maximum of $7000 per quarter.
- The wage subsidy is uncapped and available to any business of any size, in any region.
- The scheme is open to recommencing apprenticeships.
- Apprenticeships must be signed up between 5 October 2020 and 30 September 2021
- The subsidy extension applies to those already on the scheme. If your businesses employed an apprentice or trainee in round one their wage will now be subsidized for the full 12 months.
Further information on the support available to eligible businesses and employees is available at: https://www.dese.gov.au/boosting-apprenticeship-commencements
To learn how to apply for the subsidy, including information on eligibility, contact an Australian Apprenticeship Support Network provider.