Boosting Apprenticeship Commencements (BAC) Wage Subsidy — Update
To assist with the recovery from the economic impact of COVID-19, the Australian Government is providing support to eligible employers who engage a new Apprentice or Trainee before 31 March 2022.
What is the support to employers?
Any business that engages an Australian Apprentice or Trainee between 5 October 2020 and 31 March 2022 may be eligible for a subsidy of 50% of the wages paid to this employee for a 12-month period. The 12-month period commences from the start date of training and is paid at a maximum of $7,000 per quarter (up to $28,000 over 12 months).
The $2.8 billion support package is called the Boosting Apprenticeship Commencements (BAC) wage subsidy. There is no limit on the number of eligible apprentices and trainees your business can employ.
Is my business eligible?
Your business may be eligible for the BAC wage subsidy if:
- You commence or recommence an Australian Apprentice or Trainee between 5 October 2020 and 31 March 2022
- Your apprentice or trainee is undertaking a Certificate II or higher qualification, and the training contract is approved by the relevant state training authority
Is the subsidy only for new workers in my business?
No, existing workers may be eligible to attract the subsidy if:
- They are undertaking a trade-based qualification (speak to our team about the list of qualifications available for existing workers)
- The employee transitions from casual to part-time or full-time to undertake the apprenticeship or traineeship, or transitions from part-time to full-time to undertake the apprenticeship or traineeship
How do I receive the subsidy?
If your business is eligible to receive the subsidy, you will receive a claim form quarterly. You simply complete the claim form, attach the requested pay and training evidence and Mas will process the claim for you.
Payments are made quarterly in arrears.
I’m interested in hearing more, what do I do next?
Our friendly Mas team are here to help you with the process, simply get in contact with us and we will guide you through the whole process.
Our team at Mas National is here to support you with navigating the Boosting Apprenticeship Commencements wage subsidy. If you’d like more information, please contact us below and one of our friendly team members will be in touch.