The Federal Government’s Boosting Apprenticeship Commencements (BAC) program has certainly proven popular among businesses looking to take on a new apprentice or trainee. The BAC incentive was designed to support employers who engage a new apprentice by providing a 50% wage subsidy for the first 12 months from commencement.
A recent announcement from Government has extended further support to businesses who sign up a new apprentice under the BAC scheme through the Completing Apprenticeship Commencements (CAC) program. This extension now offers a 10% wage subsidy for placements in their second year and a 5% subsidy in their third year.
HVTC CEO Sharon Smith says that these programs are instrumental in the economic recovery of Australia post COVID-19.
“These incentives will provide much-needed support and encouragement for businesses looking to engage an apprentice or trainee during Australia’s recovery period,” Smith said.
“HVTC are excited to utilise these incentives to support employers in the mining industry and beyond with taking on apprenticeship placements in the new year, as well as further contributing to the growth of Australia’s skilled workforce.”
For more information on these incentives, contact HVTC on 1800 247 864.
