Strategic Business Letter (April 2022) Show Notes & Resources Episode:

 "Boosting Apprenticeship (Trainee) Commencements" Subsidy Program

VIP Members Update - If You Have Employees, You May Qualify For Australian Government Wage Subsidies Up To $28k (Over 4 Quarters) For Each Employee Who Qualifies and Enrols in a Suitable Diploma of Business or Certificate 3 in Business.  For Many Businesses Owners This Is the "New Jobkeeper"!

The info below is supplied courtesy of Redmako Learning. I suggest you Shedule a Call with Anthony Rice to check your eligibility and suitability criteria to ensure the latest versions. (Click Here)

Summary:
  • This Subsidized Traineeship Program Is Still Unknown To Most Business Owners and Stops Soon (June 30, 2022).
  • BAC Program is not just for Apprenticeships. You can enrol eligible employees in a 12 Month Diploma of Business or Certificate 3 in Business.
  • There Is Still Time For Employers To Apply For Up To 50% of Wages of Eligible Employees (Max $7,000 per Quarter For Each Employee).  
Wage Subsidies For Trainees, not just apprentices.

Main Benefits

To assist with recovery from COVID-19, the Australian Government has extended a massive program with up 50% wage subsidies to all employers who engage a new Trainee or Apprentice.  In particular, employees enrolling in Diploma of Business/Cert 3 in Business with Red Mako may be eligible for wage subsidy to Employer up to $28,000 over 12 months.  

Benefit to Employee

Your employee will receive access to highest quality business training over 12 months and receive a Diploma of Business on completion.  

Course costs ($2995) are paid by employer either up front or on a payment plan.

Benefit to Employer

For each employee in this program, you will receive a 50% wages subsidy (paid to you quarterly).  

Plus Payroll Tax Exemption for wages of all Trainees.

Example: if wages are $56k per year, you receive $7k per quarter, total of $28k over 12 months. 

Benefit to Australia

This program will raise the business management and supervision skills of our workforce, while at the same time giving ALL Australian businesses more resources to help recover from COVID-19.

It is also a great boost for your employees, their skills and their value.

Find Out More:  Set Up A "Find Out More" Chat with Anthony Rice from RED MAKO. Click Here.

Click Here To Schedule

How Many of Your Employees May Be Eligible?

Once your employees qualify they are called "trainees" in the program. Here are the broad eligibility rules:

  1. 1
    Traineeship must commence before June 30th, 2022.  This means you must act now to enrol your eligible employees in time.  
  2. 2
    Your Trainee  be a "New Worker".  This means if full-time must have commenced work within last 3 months.  If part-time must have commenced work within last 12 months.
  3. 3
    Your Trainee is an "Existing" Worker.  Your Trainee may also qualify if being transferred for CASUAL to either PART-TIME or FULL-TIME. Or transferred from PART-TIME to FULL-TIME.  You are only able to enroll 30 "Existing" Workers from your business.
  4. 4
    Your Trainee is not already receiving another form of Australian Government wage subsidy.  For example "Supporting Apprentices & Trainees Program" or JOBKEEPER.  (You could enrol a Trainee once they come off JOBKEEPER.)
Click Here To Schedule An Informal Call To Find Out More

Detailed Information Sheets

You can more detail about this Australian Government Wage Subsidy for Trainees in the documents below.

First Steps for Employers

  • The Australian Government wants to reward you giving useful training to your team - particularly in supervisory and management skills.  This is great for your employees who will get career improving training, it is good for you and your business.  
  • To determine eligibility please contact Anthony Rice at Red Mako.  Click here.  

Here is the video interview from Strategic Business Letter - April 2022 Episode: