New incentives for employers and their apprentices
A number of new incentive payments for apprentices and their employers that were unveiled in the Budget and during the federal election campaign take effect this month.
The government committed to creating an extra 80,000 apprenticeships as part of its skills policies and made a number of specific promises, starting 1 July 2019.
Those promises include:
The second phase of the Australian Apprentice Wage Subsidy trial, which supports employers in regional areas facing skills shortages. The program has been doubled to support an extra 1,600 apprentices through a wage subsidy of 75% of the apprentice award wage in the first year, 50% in the second and 25% in the third.
An identified skills shortage payment which will provide eligible apprentices with $1,000 after 12 months and $1,000 on completion, while employers will receive $2,000 after 12 months and $2,000 on completion.
A reduction from 25 to 21 years in the age requirement for the Support for Adult Australian Apprentices incentive.
The government also committed to 10 new industry training hubs and a complete overhaul of the current system of apprentice incentive payments, which is set to add additional value in employing an apprentice.
See the latest Australian Apprenticeships Incentives Program Guidelines and find out more information at www.skills.sa.gov.au