{"id":30195,"date":"2021-11-08T13:11:47","date_gmt":"2021-11-08T02:41:47","guid":{"rendered":"https:\/\/peer.com.au\/?p=30195"},"modified":"2021-11-08T13:11:47","modified_gmt":"2021-11-08T02:41:47","slug":"big-savings-on-the-cost-of-engaging-an-apprentice","status":"publish","type":"post","link":"https:\/\/peer.com.au\/big-savings-on-the-cost-of-engaging-an-apprentice\/","title":{"rendered":"Big savings on the cost of engaging an apprentice!"},"content":{"rendered":"<p><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/peer.com.au\/wp-content\/uploads\/2021\/10\/DSC04465.jpg\" alt=\"\" width=\"1800\" height=\"2700\" class=\"alignnone size-full wp-image-30065\" \/>The Boosting Apprenticeship Commencements (BAC) wage subsidy supports businesses to take on new apprentices and trainees, to build a pipeline of skilled workers to support sustained economic recovery.<br \/>\nThrough the subsidy, any business that engages an Australian Apprentice between 5 October 2020 and 31 March 2022 may be eligible for a subsidy of 50 per cent of wages earned (not charge rates to host employer) by the new or recommencing apprentice or trainee for a 12-month period (from the date of commencement), to a maximum of $7,000 per quarter.<br \/>\nAfter 12 months of this support employers will be eligible to transition to the time-limited Completing Apprenticeship Commencements (CAC) wage subsidy for the second and third years of an apprenticeship. Under the CAC, eligible employers will receive a 10 per cent wage subsidy in the second year of an eligible apprenticeship, up to a maximum of $1,500 per quarter per apprentice, and a 5 per cent wage subsidy in the third year of their apprenticeship, to a maximum of $750 per quarter per apprentice.<br \/>\nThe BAC and CAC are available to employers of any size, industry or geographic location.<br \/>\nSubsidies are processed as part of a Federal Government claim by PEER. Once the payment has been received by PEER it will be added to your account as a credit note (for PEER host employers). Subsidy processing is completed in arrears at the end of each quarter.<br \/>\nFrom 1 July 2020 the Australian Apprenticeships Incentives Program (AAIP) was scheduled to be replaced with a new, simplified and streamlined incentives program for employers of apprentices and trainees, the Incentives for Australian Apprenticeships (IAA).<br \/>\nHowever, due to the extension of the Boosting Apprenticeship Commencements Wage Subsidy to 31 March 2022 as announced in the 2021-22 Budget the Government has further revised the implementation schedule of the IAA.<br \/>\nThe IAA will now commence from 1 July 2022.<br \/>\nFor more information read the Boosting Apprenticeships Commencements fact sheet.<br \/>\nQuestions? please contact <a href=\"mailto:customerservice@peer.com.au\">customerservice@peer.com.au<\/a><br \/>\nOr <a href=\"mailto:payroll@peer.com.au\">payroll@peer.com.au<\/a><\/p>\n<span class=\"et_bloom_bottom_trigger\"><\/span>","protected":false},"excerpt":{"rendered":"<p>The Boosting Apprenticeship Commencements (BAC) wage subsidy supports businesses to take on new apprentices and trainees, to build a pipeline of skilled workers to support sustained economic recovery. Through the subsidy, any business that engages an Australian Apprentice between 5 October 2020 and 31 March 2022 may be eligible for a subsidy of 50 per [&hellip;]<\/p>\n","protected":false},"author":21,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","footnotes":""},"categories":[59,71,72,61],"tags":[],"class_list":["post-30195","post","type-post","status-publish","format-standard","hentry","category-announcements","category-apprenticeships-training","category-campaign","category-host-trades"],"_links":{"self":[{"href":"https:\/\/peer.com.au\/wp-json\/wp\/v2\/posts\/30195","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/peer.com.au\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/peer.com.au\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/peer.com.au\/wp-json\/wp\/v2\/users\/21"}],"replies":[{"embeddable":true,"href":"https:\/\/peer.com.au\/wp-json\/wp\/v2\/comments?post=30195"}],"version-history":[{"count":0,"href":"https:\/\/peer.com.au\/wp-json\/wp\/v2\/posts\/30195\/revisions"}],"wp:attachment":[{"href":"https:\/\/peer.com.au\/wp-json\/wp\/v2\/media?parent=30195"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/peer.com.au\/wp-json\/wp\/v2\/categories?post=30195"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/peer.com.au\/wp-json\/wp\/v2\/tags?post=30195"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}