The Federal Government has announced that commencing Tuesday 9th March 2021, the Boosting Apprentice Incentive has been extended.
WHAT IS THE SUBSIDY?
Under the Boosting Apprentices Commencement Scheme, employing a new trainee in mining or civil construction comes with a Federal Government subsidy for 50% of the wages (maximum $7,000 per quarter up until 30th September 2021) to encourage businesses to hire and train their staff.
To assist with the recovery from the impact of COVID-19, the Australian Government is provided support to all employers who engage a new Australian Apprentice.
The Australian Government has announced the Boosting Apprenticeship Commencements wage subsidy to support employers and Group Training Organisation to take on new apprentices and trainees.
Is my business eligible?
Your business or Group Training Organisation may be eligible if:
- You engage an Australian Apprentice between 5 October 2020 and 31 March 2022, and
- 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.
How much is the subsidy?
- Eligible employers and Group Training Organisations will receive a wage subsidy of up to 50% of the Australian Apprentice's gross wage paid
- The subsidy is available for Australian Apprentices commencing or recommending between 5 October 2020 and 31 March 2022
- The wage subsidy is available for a maximum of $7,000 per quarter, per eligible Australian Apprentice, for wages paid in the 12-month period from the date of commencement or recommencement.
Anything else I should know?
- The subsidy is available to employers of any size, industry or geographic location
- The subsidy is not available for any apprentice receiving any other form of Australian Government wage subsidy e.g. Supporting Apprentices and Trainees or JobKeeper
- Payments will be made quarterly in arrears, with first claims for the subsidy available from 1 January 2021
- Final claims for payment must be lodged by 31 December 2022
- The 100,000 cap limit has been removed to provide additional support to employers and Group Training Organisations