Do you have apprentices and trainees?

As part of its economic response to COVID-19, the Government is offering eligible small and medium businesses a wage subsidy of 50 per cent of their eligible apprentice or trainee’s wages, up to $7000 per quarter, paid until 31 March 2021, to retain their role and keep them working.

Subsidies are also available to any new employer who re-engages an eligible apprentice that was displaced by an eligible small or medium sized business.

Your small business may be eligible if:

• you employ fewer than 20 people
• you are a small business with fewer than 20 people, using a Group Training Organisation
• the apprentice or trainee was undertaking an Australian Apprenticeship with you on 1 July 2020 for claims after this date.

Final claims for payment must be lodged by 30 June 2021. More information can be found here.

Date published 11 Feb 2021 | Last updated 11 Feb 2021

This article is intended to inform rather than advise and is based on legislation and practice at the time. Taxpayer’s circumstances do vary and if you feel that the information provided is beneficial it is important that you contact us before implementation. If you take, or do not take action as a result of reading this article, before receiving our written endorsement, we will accept no responsibility for any financial loss incurred.