Financial Incentives for employing apprentices or trainees and training staff
The Australian Government provides a variety of financial Incentives for eligible employers and Apprentices. Incentives change from time to time and eligibility criteria apply. PIIP can help you determine which incentives are relevant to your business and whether you are eligible. State and Federal governments also provide other financial Incentives to encourage you to employ Apprentices. This funding varies depending on market needs.
Click here to see a summary of Australian Government Employer Incentives.
Incentives for training new staff
Besides competitive labour costs, there are government incentives of up to $4,000 and a range of additional Incentives for eligible employers. The Commonwealth and State Governments provide a range of financial incentives to help employers train their staff through Apprenticeship programs. In addition, as long as they are new employees to your business, the State Government will pay for the bulk of the training costs for your apprentice or trainee. Eligibility for the financial incentives depends on a range of factors that need to be assessed. PIIP can help you determine whether you and your apprentice or trainee are eligible. PIIP can also assist you in completing your claim application forms and help arrange payment of your Government incentives.
Incentives for existing staff
Current employees can access training and financial incentives in certain circumstances. PIIP can help you determine the eligibility criteria for your existing staff. Click here to find out more about the government’s Skills for the Future initiative.
Taxation benefits to you
The supply of services by apprentices or trainees via a Group Training Company to a host employer under a Group Training Scheme is typically treated by the ATO as a taxable supply. That means that provided certain conditions are met, the host employer may be entitled to input tax credits. Please consult your tax adviser for more information.