MBV welcomes the announcement from The Australian Government to extend the Boosting Apprenticeship Commencements (BAC) and the Completing Apprenticeship Commencements (CAC) wage support initiatives that support the recruitment of apprentices and trainees.
Enrolments for the Boosting Apprenticeship Commencement wage subsidy, which provides employers with 12 months of wage subsidy support, are being extended to the end of the 2021-22 financial year (June 30 2022).
Employers who take on an apprentice or trainee before June 30 will be able to have their wages subsidised by 50% for the first year - up to a maximum of $28,000. The wage subsidy will be reduced to 10% in the second year and 5% in the third year.
The subsidy has successfully supported employers to engage and retain apprentices and trainees, and the extension of this subsidy will continue to make a positive difference.
Get in touch below to see how we can help your business engage a new apprentice. Contact [email protected] or call the Outreach and Pathways team on 03 9411 4555.