Boosting Apprenticeship Commencements

As part of the Federal Government’s $74 billion JobMaker Plan announced in the 2020-21 Federal Budget, the government is investing an additional $1.2 billion through the Boosting Apprenticeships Wage Subsidy to encourage the employment of new apprentices and trainees.

Employers (including Group Training Organisations) engaging an Australian Apprentice on or after 5 October 2020 may be eligible for a subsidy of 50 per cent of the wages paid to an apprentice between 5 October 2020 and 30 September 2021.  The apprentice wage subsidy is to a maximum of $7,000 per quarter.

Employers should note that the subsidy is not available to an apprentice or trainee receiving any other form of Australian Government wage subsidy such as Supporting Apprentices or JobKeeper.

Disclaimer: The information contained this article is general and intended as a guide only. Professional advice should be sought before applying any of the information to particular circumstances. While every reasonable care has been taken in the preparation of this update, Aitken Legal does not accept liability for any errors it may contain. Liability limited by a scheme approved under professional standards legislation.