The Australian Government is backing apprentices and trainees as part of a $1.3 billion support package will ensure small businesses can keep around 117,000 apprentices and trainees across the country in work and training.
The Government is supporting small business to retain their apprentices and trainees. Eligible employers can apply for a wage subsidy of 50 per cent of the apprentice’s or trainee’s wage paid during the 9 months from 1 January 2020 to 30 September 2020. To be eligible the Trainee or Apprentice must have been in training at 1 March 2020.
Where a small business is not able to retain an apprentice, the subsidy will be available to a new employer. Employers will be reimbursed up to a maximum of $21,000 per eligible apprentice or trainee ($7,000 per quarter). In this instance Employers that re-engage an eligible out-of-trade apprentice or trainee will also be eligible for the subsidy.
Employers can register for the subsidy from early-April 2020. Final claims for payment must be lodged by 31 December 2020.