trade positions in Australia 2

Wage subsidy – $365 million for apprenticeship and trainees to boost trade positions in Australia

1 Apr 2022

In a bid to drive job growth, the Australian Government will continue to invest heavily in skills training through the support of an additional 35,000 apprentices and trainees.

Prime Minister, Scott Morrison, announced a three-month extension of the successful Boosting Apprenticeship Commencements (BAC) wage subsidy, which was originally due to end on 31 March 2022. 

Under the extended scheme, employers who take on an apprentice or trainee before June 30, will be able to have their wages subsidised by 50 per cent for the first year – up to a maximum of $28,000. The wage subsidy will be reduced to 10 per cent in the second year and 5 per cent in the third year.

The announcement showcases the Federal Government’s support of apprentices as the way forward for safeguarding Australia’s young talent for the coming decades. In a press release following the budget reveal, the Prime Minister said, “Right now, there are more than 350,000 apprentices and trainees in-training and a record 220,000 of these are trade apprentices, and these investments are about making those numbers go even higher.”

National General Manager, Apprenticeship Support Australia, Lee Xavier, says “This is great news for all businesses who may not have been able to take advantage of this subsidy before now. Extending the deadline for the Boosting Apprenticeship Commencements wage subsidy in the Federal Budget shows a commitment by the Government to apprentices and trainees.”

As the Australian economy continues to recover, re-skilling and up-skilling is more important than ever. Apprenticeship Support Australia has long advocated for support for existing employers to up-skill and retrain through apprenticeships and traineeships, and we are committed to providing you with the best possible service.

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