Any business or group training organisation that engages an apprentice between 5 October 2020 and 30 September 2021 may be eligible for a subsidy of 50 per cent of wages paid to a new or recommencing apprentice or trainee for a 12-month period from the date of commencement, to a maximum of $7,000 per quarter.
Further, there is no cap on the number of eligible trainees/apprentices under the program.
The government said it will extend the program for a full 12 months for new apprentices and trainees signed up prior to 30 September 2021.
It is estimated the expansion will generate around 70,000 new apprentice and trainee places, with the government investing around $1.2 billion.
