As part of the Australian Government’s Economic Response to the Coronavirus, eligible employers can apply for a wage subsidy of 50 per cent of the apprentice’s or trainee’s wage paid during the 9 months from 1 January 2020 to 30 September 2020.
This assistance will support up to 70,000 small businesses employing around 117,000 apprentices and trainees across the country.
The subsidy will be available to small businesses employing fewer than 20 employees who retain an apprentice or trainee. The apprentice or trainee must have been in-training with a small business as at 1 March 2020.
If a small business is not able to retain an apprentice, then that subsidy will be available to a new employer of any size, including Group Training Organisations. Employers will be reimbursed up to a maximum of $21,000 per eligible apprentice or trainee ($7,000 per quarter).
Employers will be able to access the subsidy after an eligibility assessment is undertaken by an Australian Apprenticeship Support Network (AASN) provider.
Employers are able to register for the subsidy from early April 2020 with final claims to be lodged by 31 December 2020.
Businesses can visit business.gov.au to find out more about how the Economic Response complements the range of support available to small and medium businesses.