The $1.2 billion Boosting Apprenticeship Commencements wage subsidy for apprenticeships supports employers and Group Training Organisations to take on new apprentices and trainees. This incentive aims to build a pipeline of skilled workers to support sustained economic recovery.
Businesses or Group Training Organisation who take on an Australian apprentice from 5 October 2020 to 30 September 2021 may be eligible for a subsidy of 50 per cent of wages paid to an apprentice, up to a maximum of $7,000 per quarter.
Your business may be eligible if:
Eligible employers and Group Training Organisations receive a wage subsidy of up to 50 per cent of your Australian apprentice’s gross wage paid;
For example, based on one apprentice who earns $550 a week – a host employer could SAVE $275 a week per apprentice, as this is covered in the wage subsidy.
Hiring an apprentice is an effective way to manage your business and workload over the coming months. Get in contact today to find out more.