18 Mar 2020
The Australian Government has recently announced a range of financial benefits to help small and medium businesses in light of coronavirus (COVID-19). This stimulus package includes 50% wage subsidies for around 117,000 Australian apprentices and trainees. Read on to find out if you're eligible and what benefits you might receive.
Am I eligible?
Wage assistance will be available to businesses who:
What benefits are available?
This stimulus package includes 50% wage subsidies for around 117,000 Australian apprentices and trainees. It is available for wages paid since January 1 2020 and will be available up to September 30 this year. Employers may receive up to $21,000 per eligible apprentice or trainee – or $7000 per quarter.
What to do if you think you’re eligible.
The stimulus package is focused on keeping businesses operational during this challenging time. This includes subsidising 50% of apprentices’ and trainees’ wages for nine months.
Eligible businesses with less than 20 full-time employees will be able to register for the subsidy from April 2, 2020.
To check your eligibility, contact your local apprenticeship experts MEGT on 13 6348 or email email@example.com