The Australian Government has extended the Boosting Apprenticeship Commencements (BAC) wage subsidy until June 2022.
The Boosting Apprenticeship Commencements wage subsidy supports employers and Group Training Organisations to take on new apprentices and trainees.
Sign up your apprentice or trainee prior to 30 June 2022 and receive up to 50% of the apprentice or trainee’s gross wage paid. One of our experienced consultants can help to explore your options.
Your business is eligible if:
- You engage an Australian apprentice or trainee between 5 October 2020 and 30 June 2022, and
- Your Australian apprentice or trainee is undertaking a Certificate II or higher qualification, and has a training contract that is formally approved by the state training authority.
How much is the subsidy?
- Eligible employers will receive a wage subsidy of up to 50% of the apprentice or trainee’s gross wage paid. If employed via Work & Training you will receive the full benefit of this subsidy.
- The wage subsidy is available for a maximum of $7,000 per quarter for the first 12 months of the apprenticeship or traineeship.
Anything else I should know?
- The subsidy is available to employers and GTOs of any size, industry or location.
- The subsidy is available in addition to other Tasmanian State Government apprentice and trainee incentives (if applicable).
- The subsidy is not available for any apprentice or trainee receiving any other form of Australian Government wage subsidy e.g. Supporting Apprentices and Trainees or JobKeeper.
- Payments are made quarterly in arrears.
- Final claims for payment must be lodged by 30 June 2023.
- The subsidy is available for wages paid from 5 October 2020 to 31 March 2023.