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Boosting Apprenticeship Commencement’s (BAC) Update

Boosting Apprenticeship Commencement’s (BAC) Update

50% WAGE SUBSIDY EXTENDED

The Federal Government has announced it will further extend the Boosting Apprenticeship Commencement’s (BAC) wage subsidy to the end of the 2021-22 financial year (30 June 2022), providing eligible employers with a 50% wage subsidy for 12 months

This is a massive boost to businesses across Australia with many companies taking up the funding to give a young person a job. Since the funding scheme was launched, over 73,000 businesses have accessed the funding.

Here’s what you need to know:

What is Boosting Apprenticeship Commencements?

Boosting Apprenticeship Commencements is a Government Wage Subsidy to encourage employers of any size or industry, Australia-wide, to take on apprentices and trainees.

How much funding will you receive? 

The scheme provides a subsidy to you of 50% of the wages paid to an eligible apprentice/trainee who commences their apprenticeship or traineeship up until 30 June 2022 to a maximum of $7,000 per BAC quarter.

Is your business eligible?

Your business may be eligible if:

  • you engage an Australian Apprentice or Trainee before June 30 2022; and
  • your Australian Apprentice or Trainee is undertaking a Certificate II or higher qualification and has a training contract that is formally approved by the state training authority.

Who is not eligible?  

The Australian Apprenticeships Incentives Program Guidelines identify that the following entities are not eligible for BAC:

  • Australian Government Entities
  • State Government Entities (an exclusion applies if they are a statutory authority, statutory body or a body corporate)

To find out more about the BAC extension, you can read the media release here

When do I need to hire a trainee to be eligible for the funding?

Trainees or apprentices need to be signed up by 30 June 2022 for businesses to be eligible for the funding. The great news is that the funding is not capped!

Want to know more

For further information on how to apply for the subsidy, contact Amaresh Devanesen, Executive Manager – Business, Strategy & Partnerships at AFL SportsReady on 0419 309 602 or email [email protected]

More information about the incentives is available on the Australian government website: www.australianapprenticeships.gov.au

Together we can create more opportunities for young people across Australia so they can have the opportunity to get experience in the workforce, get up-skilled and gain meaningful employment.