To assist with the recovery from the impact of COVID-19, the Commonwealth Government is providing support to all employers who engage a new Australian Apprentice. In a budget announcement, the Government has announced the Boosting Apprenticeship Commencements wage subsidy to support employers to take on new apprentices and trainees.
Your business may be eligible if:
- You engage an Australian Apprentice between 5 October 2020 and 30 September 2021, and
- Your 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.
How much is the subsidy?
- Eligible employers will receive a wage subsidy of up to 50 per cent of the Australian Apprentice’s gross wage paid.
- The wage subsidy is available for a maximum of $7,000 per quarter per eligible Australian Apprentice.
- The subsidy is available for wages paid from 5 October 2020 to 30 September 2021.
- The subsidy is available to employers of any size, industry, or geographic location.
- The subsidy is capped at 100,000 places.
- The subsidy is not available for any apprentice receiving any other form of Australian Government wage subsidy e.g. Supporting Apprentices and Trainees or JobKeeper.
- Payments will be made quarterly in arrears, with first claims for the subsidy available from 1 January 2021.
- Final claims for payment must be lodged by 31 December 2021.
For further information on how to apply for the subsidy, including information on eligibility, go to: Australian Apprenticeships Incentives Program