Government Stimulus Package

Stimulus Package
for Employers

Government Stimulus Package

Commonwealth Government Stimulus Package to Cover Half of Apprentices Wages

The Apprenticeship Community is committed to supporting employers, apprentices, GTOs and RTOs to ensure as many apprentices and trainees as possible keep their jobs during this unprecedented time.

As part of the Australian Government’s recently announced stimulus package, we can help your business to claim for wage subsidy assistance.

Government Stimulus Package

Wage Subsidy Assistance

  • Wage subsidy of 50% of an apprentice’s or trainee’s wage
  • Employers reimbursed up to $21,000 per apprentice or trainee
  • 3 monthly installments – up to $7,000 per quarter
  • 50% of actual wages paid between 1 January 2020 and 30 September 2020 

Employers can register for the pay-back from April 2, 2020 (back-paid from January 1, 2020) and are able to claim up to $7000 a quarter for apprentices and trainees in 2019/20 and 2020/2021 financial years.

The wages will be paid up to September 30 this year but the government has stated they will re-assess in September whether this needs extending.

Government Stimulus Package

Eligibility Criteria Includes:

  • Small businesses (including GTO host employers) employing 20 or less, full time employees
  • Apprentice or trainee was in training as at 1 March 2020
  • Any occupation, any industry, any qualification, any AQF level, full-time, part-time and school-based
  • Employer must provide evidence of paid wages
  • Employers of any size (including GTOs) that re-engage an eligible out-of-trade apprentice or trainee are also eligible for the subsidy

Government Stimulus Package

Timing

  • Employers will be able to register from 2 April 2020
  • Subsidy will be back-paid to 1 January 2020
  • Payments will be made quarterly
  • Claims must be submitted by 31 December 2020

Wage subsidy guidelines are currently in development and will be released on receipt. We will keep you advised as we receive updates.

In the meantime, if you are an employer and would like more information, call us on 13 28 79 or email us at stimulusenquiries@busyatwork.com.au and one of our team members will be in contact to discuss.

Government Stimulus Package

Further Assistance Available to Business

Under the Government’s Stimulus Package, further assistance for business includes:

  • Cash flow assistance for small to medium sized businesses of up to $100,000 (minimum of $20,000).
  • Temporary relief for financially distressed businesses.
  • Increasing the instant asset write-off.
  • A time limited 15 month investment incentive (through to 30 June 2021) to support economic growth
  • $1 Billion assistance for regions and industries most affected by the Coronavirus outbreak.

You can keep up to date on the Government’s Economic Response to Coronavirus via The Treasury website – https://treasury.gov.au/coronavirus/businesses

Employer Stimulus Package Enquiry

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