What is the Boosting Apprenticeships Commencements wage subsidy?
Boosting Apprenticeships Commencements is a $1.2 billion wage subsidy implemented by the Australian government to encourage employers to onboard 100,000 new apprentices and trainees.
The wage subsidy will assist any employer who engages a new Australian Apprentice, helping to build a skilled workforce that will support Australia’s economic recovery over the coming years.
The Boosting Apprenticeships Commencements wage subsidy is in addition to the existing $2.8 billion Supporting Apprentices and Trainees wage subsidy, which helps small and medium businesses to keep their apprentices and trainees employed.
How does the wage subsidy work?
Eligible employers and Group Training Organisations can apply for a subsidy of 50 per cent of wages paid to an Australian apprentice or trainee between October 5, 2020 and September 30, 2021, with a maximum of $7,000 to be claimed per quarter.
Payments will be made on a quarterly basis in arrears directly into the recipient’s nominated bank account.
Employers should note that final claims for payment must be lodged by 31 December 2021.
Who is eligible for the wage subsidy?
Australian businesses of any size or industry who engage an Australian Apprentice or trainee between October 5, 2020 and September 30, 2021 can apply for the Boosting Apprenticeships Commencements wage subsidy.
Group Training Organisations are also eligible to apply.
How to apply
To learn how to apply for the Boosting Apprenticeships Commencements wage subsidy, contact an Australian Apprenticeship Support Network provider.
Further information around eligibility requirements and claim submission dates can also be found in the Boosting Apprenticeships Commencements fact sheet.