$2.5bn JobTrainer Package
The Government has announced the $2.5bn JobTrainer package to retrain, upskill and open new job opportunities.
JobTrainer for job seekers and school leavers
An additional 340,700 training places will be created to provide no or low cost courses into sectors with job opportunities. The Government is working with the States and Territories to develop a list of qualifications and skill sets to be covered by the program.
JobTrainer for employers
The JobTrainer package has expanded the number of businesses that can access the 50% apprentice wage subsidy and extends the subsidy until 31 March 2021 (from 30 September 2020).
Originally, only businesses with less than 20 employees or larger employers employing apprentices/trainees let go by a small business were able to access the subsidy (for wages paid to apprentices employed by them as at 1 March 2020).
Now, businesses with under 200 employees can access the subsidy for apprentices employed from 1 July 2020.
Employers will be reimbursed 50% of an eligible apprentice’s wage up to a maximum of $7,000 per quarter per apprentice.
Employers will be able to access the subsidy after an assessment by the Australian Apprenticeship Support Network.
For small business:
- Employ fewer than 20 people, or
- A small business with fewer than 20 people, using a Group Training Organisation, and
- the apprentice or trainee was undertaking an Australian Apprenticeship with you on 1 July 2020 for claims after this date. Claims prior to 1 July 2020, will continue to be based on the 1 March 2020 eligibility date.
Claims are open now for small business.
For medium sized businesses:
- Employ 199 people or fewer, or
- A medium sized business with 199 people or fewer, using a Group Training Organisation, and
- the apprentice or trainee was undertaking an Australian Apprenticeship with you on 1 July 2020.
Claims open 1 October 2020 for medium sized businesses.
You will need to provide evidence of wages paid to the apprentice. If the business subsequently is unable to retain the apprentice, another business can access the incentive if they then employ and pay wages to the apprentice.
Final claims for payment must be lodged by 30 June 2021.
How does the apprenticeship subsidy and JobKeeper work together?
They don’t. It is one or the other.
An employer will not be eligible to claim the apprentice wage subsidy for any period where they choose to claim the JobKeeper payment for the same apprentice.
An employer or Group Training Organisation will not be eligible for the JobKeeper payment where the employer is in receipt of an Australian Government wage subsidy for the same Australian Apprentice (for example Supporting Apprentices and Trainees and the Australian Apprentice Wage Subsidy).
Would you like help with JobTrainer or JobKeeper?
With the borders between the State and Territories all but open and 2021 in sight, there is a hunger for a return to ‘normal’. The recent Westpac-Melbourne Institute Index of Consumer Sentiment articulates this desire to ‘get on with things’; sentiment reached its highest level since November 2013 and Christmas spending is expected to be consistent with previous years.
However, the Reserve Bank of Australia cautions that the recovery will be uneven and drawn out and GDP is not expected to return to pre-pandemic levels until the end of 2021. The risks are not limited to the pandemic but Australia’s geopolitical relationships, notably with our largest trading partner, China.
Here’s our key risks and opportunities as we head into 2021 …
The ATO has extended the JobKeeper. 31 December 2020 is the last day you can apply to access your superannuation early under the COVID-19 early access measures. Read more here …
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