Financial Assistance

 

We understand that starting an apprenticeship or traineeship can be financially difficult at any age, but particularly if you're entering the workforce for the first time.

Depending on the apprenticeship you undertake and your situation, you may be eligible to apply for one or more of the following financial incentives provided by the Australian Government.

Living Away From Home Allowance

Apprentices/Trainees undertaking a Certificate II or higher level
qualification may be eligible for Living Away From Home Allowance
if they have to move away from their parental/guardian home for
the first time to commence or remain in an Australian Apprenticeship,
or are homeless:

First Year $77.17 p/w

Second Year $38.59 p/w

Third Year $25.00 p/w

Apprentice Trade Support Loans

Eligible Apprentices have access to loans totalling up to
$20,808 over the course of the Apprenticeship to assist with the
expenses associated with living, learning and completing an
Apprenticeship. Apprentices can receive up to:

$8,323 in year one (12 monthly payments of $693.60)

$6,242 in year two (12 monthly payments of $520.20)

$4,162 in year three (12 monthly payments of $346.80)

$2,081 in year four. (12 monthly payments of (173.40)

Please Note: BUSY At Work Apprenticeships Services is responsible for managing the Australian Apprenticeships Incentive Program only. Eligibility criteria apply to all incentives and allowances.

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