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Supporting Apprentices and Trainees

Supporting Apprentices and Trainees

Aim

To support small businesses retain their apprentices and trainees.

Benefit

Eligible employers can apply for a wage subsidy of 50% of their apprentice’s or trainee’s wage paid between 1 January 2020 to 30 September 2020.

Maximum reimbursement of $21,000 per eligible apprentices or trainee ($7,000 per quarter)

Eligibility

  • Available to small businesses employing fewer than 20 full-time employees who retain an apprentice or trainee.
  • Employers of any size & group training organisations that re-engage an eligible out‑of‑trade apprentice or trainee will be eligible for the subsidy. The apprentice or trainee must have been in training with a small business as at 1 March 2020.

Applying

Employers can register from early April 2020. Final claims must be lodged by 31 December 2020.

Employers will be able to access the subsidy after an eligibility assessment is undertaken by an Australian Apprenticeship Support Network (AASN) provider.

To find a provider that can assist you find them through: https://www.australianapprenticeships.gov.au/

This measure will support up to 70,000 small businesses, employing around 117,000 apprentices.

If you need assistance, please reach out to our friendly accountants on 1300 865 199 or if you would like us to give you a call, Book in your 30 minute consultation for $50 to get the answers you need today.

Sidney Cachuela

Sidney Cachuela

Sidney Cachuela is a Business Mentor and Associate Financial Advisor who genuinely revels in solving the sorts of wicked problems facing business. His experience includes working with high profile wealth managers and financial advisers, including managing $100m of client FUM across 200 clients. In 2018 he co-founder POP Business, a cloud-based accounting firm. Sidney is a complete technophile, and believes that innovation and new tech are the way forward. POP Business is his labour of love. He has expertise in helping small businesses with a range of accounting services, including: financial advice, accounting and bookkeeping, GST tax planning, as well as company, trust and partnership tax returns and more.

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