15 May Funding Available for Employers of Apprentices
The Federal Government 50% Wage Subsidy still Available for Recommencing Apprentices + Trainees
Thinking about employing an out-of-trade apprentice or trainee?
Under the current apprenticeship wage subsidy, businesses that employ an out of trade apprentice or trainee may be eligible for the 50% Wage Subsidy. This is available to businesses of any size and is independent of whether the business was previously successful in Job Keeper or the initial apprenticeship wage subsidy grants.
Eligibility conditions include:
- On 1 March 2020, the apprentice or trainee was still in employment
- Subsequent to 1 March 2020, the Apprentice or trainee released from their employment
- This is open to employers of all sizes and Group Training Organisations (GTOs)
The funds would be prorated on the amount of funding that had already been allocated to the apprentice or trainee and the maximum amount is this subsidy could equate to is $21,000.
If your business is in a position to hire an out of trade apprentice or trainee, now is an excellent time to not only receive financial support in your business but support a person in their career journey.
If you are interested in hearing more on this or are interested in employing an apprentice or trainee, please email email@example.com or call 1300 365 606.
Success Story: Queensland Electrical Contractor Receives $28k Recommencing Wage Subsidy
Great outcome for Out-of-Trade Apprentices + Employers
Recently one of our clients was successful in receiving up to $28,000 of the apprenticeship wage subsidy by employing two recommencing apprentices.
This employer was not eligible for Jobkeeper and also, as they were a large business, they could not receive the apprentice wage subsidy for the apprentices they already employ.
Following the employment of both a second and third-year apprentice, this employer is on track to be granted approximately $14,000 per employee under the Federal Government’s Wage Subsidy for recommencing apprentices.
This is a wonderful outcome for both the employer, who was able to get some much-needed support in the business at a fraction of the cost and the apprentices who are now back on track to completing their trade.
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