Wage Subsidy for Apprentices and Trainees is the latest focus of the Australian Governments Economic Response to Coronavirus.
With their main objective to support business to manage cash flow challenges and to keep apprentices and trainees employed.
From today employers can begin registering to receive a 50 per cent Supporting Appentices and Trainees wage subsidy, for wages paid to apprentices between January to March this year.
New measures will be available to small businesses, including those using a Group Training Organisation, to help retain existing apprentices and trainees.
Employers of any size who re-engage an apprentice or trainee that has been displaced from a small business may also attract a wage subsidy.
The apprentice or trainee must have been in-training with a small business as at 1 March 2020.
This new measure will cover cover wages paid from 1 January 2020 to 30 September 2020. Businesses will be reimbursed up to $7,000 per quarter and up to a maximum of $21,000, per eligible apprentice or trainee. Final claims for payment must be lodged by 31 December 2020.
For further information on how to apply for the subsidy, including information on eligibility, contact an Australian Apprenticeship Support Network provider. A list of providers can be found at: https://www.australianapprenticeships.gov.au/search-aasn.
Our team at Gerard Wilkes & Associates are here to help and understand that the current climate is causing a lot of confusion and may even overwhelm many. If you would like to discuss the above article further or require some Business advice or assistance give us a call on 07 5532 1733 or make an enquiry via www.wilkes.com.au/profiler-form.