Apprentice Wages To Be Subsidised By 50% Through Federal Government COVID-19 Recovery Plan.
Commencing from 5 October 2020, any employer or Group Training Organisation that engages an Australian Apprentice may qualify for an apprentice wage subsidy of 50%. Wages will be compensated to an apprentice between 5 October 2020 and 30 September 2021, to a maximum of $7,000 per quarter.
The assistance will support 100,000 new apprentices and trainees across Australia and is in addition to the Supporting Apprentices and Trainees wage subsidy which is helping small and medium businesses to keep their apprentices and trainees in work and training.
The $1.2 billion dollar Boosting Apprenticeship Commencements Wage Subsidy was announced earlier this month and is a part of the Federal Government’s plan to support employers, employees and the vocational education and training sector to recover from the impacts of COVID-19.
To be eligible for the subsidy you will need to have engaged 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 relevant state training authority.
The subsidy is available to employers of any size and industry across Australia and is capped at 100,000 places. It is expected that this quota will be filled quickly.
If your apprentice is receiving any other financial support such as JobKeeper, they will not qualify for the wage subsidy. Payments will be made quarterly in arrears, with first claims for the subsidy available from 1 January 2021 and final claims for payment must be lodged by 31 December 2021.
If you are thinking of hiring an auto apprentice in Queensland, we’d be glad to speak with you today. Call our friendly team on (07) 3237 8777.
MTA Institute, Winner, Small Training Provider 2019, Queensland Training Awards.
8 Oct 2020