APPRENTICE AND TRAINEE WAGE SUBSIDY
SUMMARY
Wage subsidy paid to employers to keep apprentices employed
POLICY
The government will offer employers a wage subsidy of 50 per cent of an apprentice’s or trainee’s wage from 1 January to 30 September 2020, capped at $7,000 each quarter per each eligible apprentice or trainee.
Businesses with less than 20 full-time staff will be eligible, however employers of any size and 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 the small business as at 1 March 2020. Employers can register for the subsidy from early April 2020. Final claims for payment must be lodged by 31 December 2020.
MORE INFORMATION
Refer to the Treasury website page for more information and worked examples.