Exciting news! To assist with the recovery from the impact of COVID-19, the Australian Government is providing support to all employers who engage a new Australian Apprentice.
The $1.2 billion Boosting Apprenticeship Commencements wage subsidy will support businesses and Group Training Organisations to take on new apprentices and trainees, to build a pipeline of skilled workers to support sustained economic recovery This assistance will support 100,000 new apprentices across Australia, and is in addition to the Supporting Apprentices and Trainees wage subsidy which is helping small and medium businesses to keep their apprentices and trainees in work and training.
Is my business eligible?
Your business or Group Training Organisation may be eligible if:
- You engage an Australian Apprentice between 5 October 2020 and 30 September 2021, 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 per cent of the Australian Apprentice’s gross wage paid.
- The wage subsidy is available for a maximum of $7,000 per quarter per eligible Australian Apprentice.
- The subsidy is available for wages paid from 5 October 2020 to 30 September 2021.
What else should I know?
- The subsidy is available to employers of any size, industry or geographic location.
- The subsidy is capped at 100,000 places (so get in QUICK!)
- 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 2021.
What courses are eligible through ISM?
We have a range of courses eligible for funding. Please see the list below.
- BSB42015 Certificate IV Leadership and Management
- BSB30115 Certificate III in Business
- FNS30115 Certificate III in Financial Services
- FNS40815 Certificate IV Finance and Mortgage Broking
How can I apply or find out more?
For further information on how to apply for the subsidy, including information on eligibility, contact ISM on 1300 200 705 to speak with one of our friendly staff. ISM work closely with VERTO for all of our traineeship needs.