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.

Financial Incentives
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 $21,542 over the course of the Apprenticeship to assist with the expenses associated with living, learning and completing an Apprenticeship. Apprentices can receive up to:

$8,617 in year one (12 monthly payments of $718.07)
$6,463 in year two (12 monthly payments of $538.56)
$4,308 in year three (12 monthly payments of $359.04)
$2,154 in year four (12 monthly payments of $179.52)

Additional Identified Skills Shortage

For industries identified on the Additional Identified Skills Shortage list, apprentices may be eligible for an incentive of $1,000 after completing 12 months of their apprenticeship and an additional $1,000 on completion.

These industry roles include Carpenters/Joiners, Plumbers, Hairdressers, Air Conditioning and Refrigeration Mechanics, Bricklayers & Stonemasons, Plasterers, Bakers and Pastrycooks, Vehicle Painters, Wall & Floor Tilers, and Arborists.

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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