Covid-19 and Support for Apprentices and Trainees

The Australian Government is supporting business to retain their apprentices and trainees.

Wage subsidy scheme

Eligible employers can apply for a wage subsidy of 50% of an apprentice or trainee’s wage paid during the 9 months from 1^st January 2020 to 30^th September 2020.

Employers will be reimbursed up to $7,000 per quarter, up to a maximum of $21,000 per eligible apprentice or trainee.

Who is eligible?

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 at 1^st March 2020.

When is the subsidy available?

Employers can register for the subsidy from 2^nd April 2020 and final claims for payment must be lodged by 31^st December 2020.

How to apply

Apply for the subsidy by contacting an Australian Apprenticeship Support Network provider.

Conclusion

The wage subsidy scheme is aimed at helping small business and keeping Australians employed during this uncertain time. Employers are encouraged to reach out and apply for the scheme as a way of retaining their employees and taking stress off their business.

Let Us Help

If your business has a turnover of over $1 million, ABJ Solutions is offering a complimentary 30 minute Zoom meeting to help answer questions and model critical decisions with you. Get in touch with us today so that we can help guide you through this challenging time.