28 September 2021
Federal government announces new apprentice wage subsidy to encourage completion
The federal government has today announced an extension to the Boosting Apprenticeship Commencements (BAC) program, designed to encourage apprentices and trainees to complete their training.
The new initiative – the Completing Apprenticeship Commencements (CAC) program will provide a further wage subsidy for apprentices and trainees signed up under the BAC in their second and third year.
The $716 million CAC program will provide a 10 per cent wage subsidy in the second year of an eligible apprenticeship, and five per cent in the third year.
The Minister for Employment, Workforce, Skills, Small and Family Business Stuart Robert said the new initiative would help apprentices finish their training, protecting the skills pipeline delivered under the BAC program.
The Boosting Apprenticeship Commencements program which provides a 50 per cent wage subsidy commenced in October last year and will run until March next year, and is expected to support 270,000 commencements.
See the Minister’s media release
See more on the new Completing Apprenticeship Commencements program