The Federal Government has invested $1.3 billion into the Supporting Apprentices and Trainees stimulus package. It pays 50% of and apprentice or trainee wage, for employers with 19 employees or less. Employers could receive three payments of up to $7,000 to a total of $21,000, across the January to September period.
There are 273,000 Australian Apprentices in Australia and it was originally thought that 117,000 of those would be with potentially eligible small businesses but after further analysis, it was discovered that 140,000 Australian Apprentices could be eligible.
As of 2 April 2020 around 140,000 claim forms had been sent to eligible employers. The first claim came in at 3am and in 24 hours there were around 50,000 applications.
It is great to see employer being so keen, but it has been a great deal of work to find employers records and go through all the applications to check eligibility.
NAAA and organisations across the sector welcome the government being so supportive, providing the biggest increase in investment to the sector, possibly ever.