There are a bunch of apprenticeship subsidies on offer at the moment, so here is a short overview of some of the popular ones. Be sure to get in quick as there are a limited number of spaces up for grabs!
For wage subsidy (expiring soon)
“The Australian Apprentice Wage Subsidy trial aims to support apprenticeships in skills need occupations in rural and regional areas and encourage participation in apprenticeships by employers who have not previously engaged apprentices, as well as re-engaging employers who may have disengaged from the system.” For more info, click here.
For adult incentives
“The Support for Adult Australian Apprentices (SAAA) incentive is a payment of $4,000 to an eligible employer of an adult Australian Apprentice once the apprentice has successfully completed 12 months of training. The purpose of the SAAA incentive is to remove barriers to taking up an apprenticeship for adult Australian Apprentices and to encourage them to build on their skills.” For more info on adult incentives, click here.
For skills shortage
“Eligible Australian Apprentices in national skills shortage areas will receive $1,000 at the 12 month point from commencement of their apprenticeship, and an additional $1,000 at completion of the apprenticeship. Eligible employers of Australian Apprentices will also receive $2,000 at the 12 month point from the commencement of the apprenticeship and an additional $2,000 at completion of the apprenticeship.
These payments will be administered under the Australian Apprenticeships Incentives Program, and are additional to any payments the apprentice or employer may be eligible for under existing Australian Government programs including:
- Trade Support Loans, which provides income-contingent loans of up to $21,078 for eligible apprentices to support them through their apprenticeship
- The Australian Apprenticeships Incentives Program, which provides standard incentives of $4,000 over the life of an apprenticeship to eligible employers.”
For more info, click here.
If you need any help figuring out if an apprentice is right for you and your business, or if you would like to discuss anything business or growth related, please don’t forget that we are here to help you! You can email email@example.com to book in if you are reading this at 2am or you can call 98418809 if you’re seeing this between 9am or 5pm!