The $1.2 billion program recognises the important pathway apprenticeships play in getting young people into jobs. Designed to assist in the nation's economic recovery from COVID-19, the program will ensure a skills pipeline is in place to meet the future needs of Australian employers.
From 5 October 2020, eligible employers and Group Training Organisations (GTOs) can apply for a wage subsidy of 50 per cent of the commencing or recommencing apprentice or trainee’s gross wages. The subsidy of up to $7,000 per quarter is available for the period up to 30 September 2021. Employers can receive the subsidy for any number of apprentices or trainees.
As of 9 March 2021, to support a sustained economic recovery the Federal Government announced an additional $1.2 billion for the program and removed the 100,000 cap limit. This means more eligible employers and GTOs, or those that missed out before the cap was removed, can take on additional apprentices and trainees.
Any employer, including Group Training Organisations, who takes on a new Australian apprentice will be eligible for the wage subsidy regardless of geographic location, occupation, industry or business size.
The subsidy is available from 5 October 2020, and final claims for payment must be lodged by 31 December 2022.
Specific eligibility criteria include:
The subsidy is not available for any apprentice receiving any other form of Australian Government wage subsidy such as Supporting Apprentices and Trainees or JobKeeper. Where an employer is eligible for multiple funding arrangements, you'll need to choose which payment best supports your circumstances.
For more information about the program, including a range of frequently asked questions, visit the Australian Government's Department of Education, Skills and Employment website.
Whether you already have an apprentice on the books or need help finding one, we can help. Our free Find Your Apprentice service can help connect you with job-ready candidates in your industry.*
TAFE Queensland can also provide your apprentice with quality, hands-on trade training and help get them ready for your business.
*Available for select courses/locations only