Last weeks for Boosting Apprenticeship Commencements wage subsidy
The Boosting Apprenticeship Commencements wage subsidy will close to new applicants on 30 June 2022.
The subsidy helps employers, including those in the early childhood education and care (ECEC) sector to engage new and recommencing apprentices and trainees. Eligible employers who engage an apprentice or trainee between 5 October 2020 and 30 June 2022 may be eligible for a subsidy of 50 per cent of gross wages, up to $7,000 per quarter, for 12 months.
Employers who take part in the program may also be eligible for the Completing Apprenticeship Commencements wage subsidy for apprentices and trainees that progress to a second or third year of training.
From 1 July 2022 a new system, the Australian Apprenticeships Incentive System (AAIS) will commence, building on the success of the Boosting Apprenticeship Commencements wage subsidy program and replacing the previous Australian Apprenticeships Incentives Program.
The AAIS will provide incentives to eligible employers. It will be rolled out in two phases:
- from 1 July 2022 to 30 June 2024, the AAIS will provide wage subsidies for eligible employers in priority occupations, including early childhood education and care
- from 1 July 2024, employers in priority occupations will be supported through a hiring incentive.
More information about apprenticeship and trainee programs may be found here.
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