See above for the most recent resources available from Treasury. This resource provides an overview of the measure, including examples to help gain an understanding on how the measure can be applied to your business.
This measure is available to small businesses who:
- Employ fewer than 20 employees
- retain an apprentice or a trainee
- have an apprentice or trainee that have been in training with a small business as at 1 March 2020
Where a small business is not able to retain an apprentice, the subsidy will be available to a new employer.
What Will I Receive?
Eligible employers can apply for a wage subsidy of 50% of the apprentice's or trainee's wage paid during the nine months from 1 January 2020 to 30 September 2020.
Eligible employers will be reimbursed up to a maximum of $21,000 per eligible apprentice or trainee ($7,000 per quarter).
How Can I Apply?
If you have a registered apprentice or trainee, you should receive an email from business.gov.au with a link to apply online. If you have not received an email as of yet, please contact your Australian Apprenticeship Support Network provider.
If you would like to discuss any of these measures and what they mean for you and your business, contact one our trusted team members on (02) 4229 2211 or get in touch with us online.