Employers can now access subsidies for the second and third year of eligible Australian apprentices through the Completing Apprenticeship Commencements (CAC) program.
Under the changes, eligible employers will receive a 10 per cent wage subsidy in the second year of an eligible apprenticeship, up to a maximum of $1,500 per quarter per apprentice, and a five per cent wage subsidy in the third year of their apprenticeship, to a maximum of $750 per quarter per apprentice.
This is an extension of the support offered under the Boosting Apprenticeship Commencements (BAC) wage subsidy.
Through the subsidy, any business or Group Training Organisation that engages an Australian Apprentice between 5 October 2020 and 31 March 2022 may be eligible for a subsidy of 50 per cent of wages paid to a new or recommencing apprentice or trainee for a 12-month period from the date of commencement, to a maximum of $7,000 per quarter.
Find out more: https://www.dese.gov.au/boosting-apprenticeship-commencements
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