Australian Government Stimulus Package
BUSY At Work and The Apprenticeship Community are 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 stimulus package, we can help your business to claim for the 50% wage subsidy assistance for apprentices and trainees. Further support information, including the newly announced JobTrainer and the current JobKeeper package, can be found below.
Please note, we are able to assist businesses in QLD and WA. If you are from another State, please visit www.treasury.gov.au for more information.
NEWLY Announced! JobTrainer Package
50% Wage Subsidy Assistance will now include larger employers
The Australian Government announced on 16 July 2020 an extension of its wage subsidy program with a further $1.5 billion to extend and expand the Supporting Apprentices and Trainees measure.
The details of this announcement include:
- Support will be extended for small businesses to 31 March 2021.
- Support is now expanded to medium-sized businesses (199 or fewer employees) who had an apprentice in training as at 1 July 2020.
- Employers of any size, including Group Training Organisations, will continue to be eligible where they have re-engaged an out of trade apprentice that was employed with a small business on March 1 – or a small or medium-sized business on July 1.
The subsidy will continue to cover 50% of wages paid to apprentices and trainees, up to $7,000 per quarter. The subsidy will be available for wages paid up to 31 March 2021, and all claims must be lodged by 30 June 2021.
Medium-sized businesses will be able to claim for Round 3, which opens in October, for amounts paid in the July to September period.
Job seekers and school leavers will also be supported with a further $500 million invested into no or low-cost training options, re-skilling and preparing job seekers for the newly employing industries.
What does this mean for my business?
If you are an employer of less than 20 employees (19 employees or less), have been identified as eligible and are already submitting a claim for Round 2 of the current wage subsidy, you simply continue with this claims process.
If you are an employer of less than 200 employees (199 employees or less) and have employed an apprentice or trainee as at July 1, you may now qualify for the wage subsidy. You will be able to lodge a claim in October (Round 3) and more information will be provided closer to that date, regarding eligibility and the claims process.
Small Business with less than 20 employees? Claims for the 2nd quarter are currently open!
Please note, the 2nd quarter is currently open for employers of under 20 employees. Medium sized employers (199 employees or less) will have the opportunity to make a claim for Round 3 which will open in October.
The Supporting Apprentices and Trainees wage subsidy offers:
- 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 (now extended) March 2021
- Second quarter opens July 13 for the period 1st April until 31st June.
- Third quarter (where medium sized businesses will be able to claim) will open in October.
Employers can register and submit a claim for the wage subsidy assistance second quarter, which is back-paid from April 1, 2020. If eligible, you will be 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 March 2021.
In order to process your claim it is important to submit wage evidence in an acceptable format. READ MORE
Current Eligibility Criteria for Round 2 Wage Subsidy Claim Includes:
- Small businesses (including GTO host employers) employing less than 20 people as at 1 March, 2020
- 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 by attaching complete pay slips for the full quarter period to their claim form. For the second quarter, pay period must cover from April 1 up until June 31.
- Employers of any size (including GTOs) that re-engage an eligible out-of-trade apprentice or trainee are also eligible for the subsidy
- Registration and claim submissions are open on July 7
- Subsidy will be back-paid to 1 January 2020 (first quarter). Second quarter is paid from April 1 – June 30.
- Payments will be made quarterly
- Claims must be submitted by 30 June 2021 (newly extended date as part of JobTrainer package).
If you are an employer and would like more information, fill out your details below and one of our team members will be in contact to discuss.
$1500 a fortnight JobKeeper Package and other Support
If your apprentice or trainee is receiving JobKeeper package you may still be eligible for a part claim (depending on when the apprentice or trainee commenced JobKeeper).
For information regarding the JobKeeper package for employers (which pays $1500 a fortnight for employees) and all other business, employee and job seeker support available visit the Treasury.gov.au website
Businesses will need to register for the JobKeeper package via the ATO website.
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