Ai Group forwarded its submission to the Strategic Review of the Australian Apprenticeship Incentive System on Wednesday 15 May. The review is now timely given the substantial changes to apprenticeship incentives that commence on 1 July.
The current incentives that apply to 30 June 2024 are:
For occupations on the Priority List at Certificate III or above
For occupations NOT on the Priority List
Prior to the Budget announcement, on 1 July incentives for occupations NOT on the Priority List were to cease. For occupations that appear on the Priority List, there was to be a $4,000 incentive to employers and a $3,000 Training Support Payment to apprentices and trainees.
The Budget has amended these incentives. For occupations NOT on the Priority List there will still be no incentives. For occupations that appear on the Priority List, there will be a $5,000 incentive to employers and a $5,000 Training Support Payment to apprentices and trainees.
Ai Group recommended in our submission to the Federal Budget and again in our submission to the Incentives Review:
Read Ai Group’s Federal Budget submission
Read Ai Group’s submission to the Strategic Review of the Australian Apprenticeship Incentive System