JobTrainer package will be a game changer!
The Package recently announced by the government will see $2.5bn injected into the economy to help retrain upskill and grow the number of new job opportunities. The government continues to be concerned with unemployment as a result of the Covid-19 crisis.
JobTrainer for job seekers and school leavers
The package will be a game changer for job seekers and school leavers with an additional 340,700 training places being created that will provide them with no/low cost courses in sectors of the economy that have job opportunities. Together with the States and Territories the government wants to develop a list of qualifications and skill that will be covered by the program.
The package has also grown the number of businesses that can access the 50% apprentice wage subsidy and extends the subsidy until 31 March 2021, from the 30 September 2020 previously.
Businesses with less than 200 employees can now access the subsidy for apprentices employed from 1 July 2020. Previously only businesses with less than 20 employees or instances where a larger employer employed apprentices/trainees and were let go by a small business, were able to access the subsidy.
Under the scheme employers will be reimbursed up to 50% of an eligible apprentice’s wage up to a maximum of $7,000 per quarter per apprentice.
Eligible Employers will be able to access the subsidy after an assessment by the Australian Apprenticeship Support Network.
Check your eligibility
|Small business||Medium Business|
|Claims open now||Claims open on 1 October 2020.|
To apply for the scheme you will need to provide evidence of wages being paid to the apprentice. Where the business is unable to retain the apprentice, then another business can access the incentive where they then employ and pay wages to the apprentice. The final date a claim for payment must be lodged by 30 June 2021.
JobTrainer V JobKeeper
The JobTrainer is a separate subsidy to the JobKeeper and you can only apply for one or the other.
So an employer will not be eligible to claim the apprentice wage subsidy for any period where they choose to claim the JobKeeper payment for the same apprentice.
Further, an employer or Group Training Organisation will not be eligible for the JobKeeper payment where the employer is in receipt of an Australian Government wage subsidy for the same Australian Apprentice (for example Supporting Apprentices and Trainees and the Australian Apprentice Wage Subsidy).
For further information about the JobTrainer or JobKeeper give Waterford Accountants a call!