IMPORTANT UPDATE – Boosting Apprenticeship Commencements Wage Subsidy
IMPORTANT UPDATE
Boosting Apprenticeship Commencements (BAC) Wage Subsidy Changes – Existing Workers
We had previously advised businesses and individuals of the Australian Governments ‘Boosting Apprenticeship Commencements wage subsidy’ which commenced on the 5th of October and is a 50% wage subsidy, up to $7000 per apprentice or trainee, per quarter until September 2021.
The Australian Government has changed the eligibility criteria that came into effect on 28th October 2020.
The subsidy remains the same for all NEW employees to your business who are being signed into an Apprenticeship or Traineeship – NO change.
An existing worker will now only be eligible to attract the Boosting Apprenticeship Commencements payment for an employer, where the existing worker:
- Commences in a trades-based Australian Apprenticeship; or
- Transfers from a casual employment arrangement to a part time or full-time Australian Apprenticeship; or
- Transfers from a Part time employment arrangement to a fulltime employment arrangement
In addition, a maximum of 30 existing worker Australian Apprentices per ABN can attract BAC if they meet the above criteria. It is important to note however, there is no limit for trades-based Australian Apprenticeship BAC commencements .
As Promised, this assistance will continue to support 100,000 apprentices and trainees across Australia.
Our team at AGA is here to support you with navigating the Boosting Apprenticeship Commencements Wage Subsidy, If you have a specific questions contact us and one of our team members will be in touch.
Alternatively, please find more information on our website.