Apprentice Stimulus Package How To Apply
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Eligible employers can apply for a wage subsidy of 50 per cent of the apprentice or trainee s wages paid until 31 march 2021.
Apprentice stimulus package how to apply. Where a small business is not able to retain an apprentice the subsidy will be available to a new employer. Unlike the bushfire relief measures which applied automatically it will be up to businesses and individuals impacted by the coronavirus will need to contact the ato for assistance. Eligible employers can apply for a wage subsidy of 50 per cent of the apprentice s or trainee s wage paid during the 9 months from 1 january 2020 to 30 september 2020.
Employers will be able to claim up to 7000 a quarter for apprentices and trainees in 2019 20 and 2020 2021. The government is encouraging larger businesses to pick up apprentices who have been let go by smaller businesses due to the economic situation. If your apprentice or trainee is receiving jobkeeper package you may still be eligible for a part claim depending on when the apprentice or trainee commenced jobkeeper.
In light of the government s stimulus package the ato will implement a series of administrative measures to assist australians experiencing financial difficulty as a result of the coronavirus. Employers can apply for this wage subsidy and if eligible the government will pay up to 50 of their apprentice s or trainee s wages for up to 9 months. Stimulus to include apprentice subsidies mr morrison said the stimulus package would have three priorities.
Keep people in work keep businesses open and ensure the economy bounces back when the. The stimulus package was passed by parliament on 23 march 2020 with an amendment by the senate in relation to the coronavirus supplement and received royal assent on 24 march 2020 as act no. Where a small business is not able to retain an apprentice the subsidy will be available to a new employer.
In addition to the existing support for small businesses medium sized businesses will now be eligible for the subsidy for wages paid from 1 july 2020 31 march 2021. As part of the package 1 3 billion will be sent to businesses with less than 20 staff to help subsidise apprentice wages. Eligible employers can apply for a wage subsidy of 50 per cent of the apprentice s or trainee s wage paid during the 9 months from 1 january 2020 to 30 september 2020.
Employers can register for the subsidy from april 2.
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