Completing Apprenticeship Commencements (CAC) Wage Subsidy
The Australian Government is extending wage support for employers into the second and third year of an eligible Australian apprenticeship or traineeship through the new Completing Apprenticeship Commencements program.
What is the support to employers?
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 10% 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 5% of wages paid to an eligible apprentice or trainee to a maximum of $750 per quarter per apprentice.
Is my business eligible?
Employers of any size, or industry, Australia-wide who commence an Australian Apprentice between 5 October 2020 and 31 March 2022 may be eligible under this program.
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.
How do I receive the subsidy?
The Completing Apprenticeship Commencements program will begin from 5 October 2021.
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.
*This information has been cited from the Department of Education, Skills and Employment.
I’m interested in hearing more, what do I do next?
Click here to access our Webinar recording on the “Completing Apprenticeship Commencements Wage Subsidy and what this means for you and your business” and enter the passcode: EYBWbK=7. To download the presentation file – click here.
Our team at Mas is here to support you with navigating the Completing 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.