Eligible employers in receipt of the Boosting Apprenticeship Commencements (BAC) wage subsidy will have support extended for the second and third year of a BAC supported apprenticeship through the new Completing Apprenticeship Commencements program. This will give employers the confidence to retain their apprentice or trainee right through to completion, providing them with a rewarding career path into the future, while tackling the nation’s skills shortage.
Under Completing Apprenticeship Commencements, eligible employers will receive a wage subsidy of ten per cent of wages paid to an eligible apprentice or trainee in the second year of their apprenticeship, to a maximum of $1,500 per quarter per apprentice. In the third year, eligible employers will also receive a wage subsidy of five per cent of wages paid to an eligible apprentice or trainee to a maximum of $750 per quarter per apprentice.
The Completing Apprenticeship Commencements program will begin from 5 October 2021. Your business or Group Training Organisation may be eligible if:
- you engaged an Australian Apprentice or trainee between 5 October 2020 and 31 March 2022; and
- your Australian Apprentice or trainee is undertaking their second or third year of a Certificate II or higher qualification and has a training contract that is formally approved by the state training authority.
Payments will be made quarterly in arrears into the employer’s nominated bank account. Final claims for payment must be lodged by 30 June 2025.