The Federal Government is forking out an extra $1.2 billion to support Australian businesses to employ 100,000 new apprentices and trainees as part of its COVID-19 economic recovery plan.
From this week, businesses who take on a new Australian apprentice will be eligible for a 50 per cent wage subsidy, regardless of geographic location, occupation, industry or business size, says Federal Member for Capricornia Michelle Landry.
Ms Landry said the new wage subsidy gave businesses certainty to hire and provided a career path to young school leavers or others looking for an apprenticeship or traineeship.
“This new wage subsidy will provide school leavers and job seekers in Central and North Queensland with a real opportunity to upskill and reskill through an apprenticeship or a traineeship,” Ms Landry said.
Under the new measure, employers will be eligible for the wage subsidy for a new or recommencing apprentice or trainee for the period up to September 30 2021, for up to $7000 per quarter.
The measure builds on an existing $2.8 billion Supporting Apprentices and Trainees wage subsidy.