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 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.
As an employer, you can receive the subsidy for any number of apprentices or trainees, as long as they're one of the first 100,000 to register.
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 will run until the 100,000 cap of new apprentices and trainees is reached.
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.
If you're ready to boost your business with an apprentice or trainee, TAFE Queensland can help. With our free find your apprentice service we can put you in contact with qualified candidates in your industry.