Wage subsidy for employers of Australian apprentices

To assist with the recovery from the impact of COVID-19, the Australian Government is providing support to all eligible employers who engage a new Australian Apprentice.

Overview

Boosting Apprenticeship Commencements wage subsidy supports employers of any size, industry or geographic location to take on new apprentices or trainees.

Through the subsidy, any business or Group Training Organisation that engages an Australian Apprentice between 5 October 2020 and 31 March 2022 may be eligible for a subsidy of 50 per cent of wages paid to a new or recommencing apprentice or trainee for a 12-month period from the date of commencement, to a maximum of $7,000 per quarter.

Eligibility Criteria

The subsidy is available to employers of any size, industry or geographic location.

Your business may be eligible if:

• you engage an Australian Apprentice between 5 October 2020 and 31 March 2022
• 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.

The subsidy is not available for an apprentice receiving any other form of Australian Government wage subsidy, for example, Supporting Apprentices and Trainees or JobKeeper.

Learn more about the Boosting Apprenticeship Commencements- external site.

For more information read the Boosting Apprenticeships Commencements fact sheet.

For further information on how to apply for the subsidy, including information on eligibility, visit the Australian Government Business website.

If you'd like to find out how Trinity Advisory can assist you with your accounting and bookkeeping, you can email us at info@trinityadvisory.com.au or visit our Contact Us page and request a call back.