Further boost for apprentice wage subsidies
The Government has announced an expansion of its apprentice wage subsidy scheme, as part of its National Economic Recovery PlanThe Australian Federal Government's Boosting Apprenticeship Commencements wage subsidy program will become demand driven and expanded for a full 12 months, for apprentices and trainees signed up prior to September 30, 2021.
The move comes as part of the Government's National Economic Recovery Plan, and is hoped to generate around 70,000 new apprentice and trainee places, for a Government investment of $1.2 billion.
The existing Boosting Apprenticeships Commencements wage subsidy program is already fully subscribed, says the Government, and has helped to create around 100,000 apprenticeships in under five months.
Key element to recovery
Prime Minister Scott Morrison said apprentices and trainees formed a key element of the Australian economy, and the nation's recovery from the impacts of the COVID-19 pandemic and the resulting recession.
"Creating jobs, generating economic opportunities and boosting the skills of workers right across Australia are at the heart of our National Economic Recovery Plan, as we build back from the COVID-19 recession," the Prime Minister said.
"Last week’s National Accounts showed the comeback of the Australian economy is underway, however many businesses still need support and it's important our apprentices and trainees get opportunities to boost their skills and stay employed.
"With 100,000 new apprenticeship positions already snapped up, it highlights the confidence businesses have in the future of the Australian economy."
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Further assistance
The apprentice wage subsidy scheme is just one way in which the Morrison Government is helping the national economic recovery it says.
Other measures include the $1 billion JobTrainer Fund, which is supporting over 300,000 additional free or low-fee training places for job seekers and young people; the National Skills Commission, to better assess the needs of the economy and what worker qualifications and skills are in demand; and the National Careers Institute, which provides information and support to those looking to reskill or upskill and take the next step in their career.
Click here for more information on the support available to eligible businesses and employees.
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