Financial Incentives and Payments for Apprentices and Trainees | Sarina Russo

Payments for Apprentices & Trainees

An apprenticeship or traineeship is a great way to earn while you learn! In addition to any wage your employer pays, there are a number of financial incentives and allowances for apprentices and trainees.

Ready to offset your expenses? We’re here to support you!

Helping you find the right funding for your situation

FINANCIAL INCENTIVES

There are a number of financial incentives and payments for apprentices and trainees to help you manage the cost of starting, and completing your qualification. These can vary from state to state, or according to your specific situation.

You don’t have to try and navigate through all the available assistance alone! The team at Sarina Russo Apprenticeships will determine which payments or incentives you can apply for, and help you with the application process, making the experience fast and hassle-free.

A quick overview

AVAILABLE PAYMENTS

Here are some of the apprenticeship and traineeship incentive payments currently on offer:

  • Trade Support Loans*
  • Living Away From Home Allowance (LAFHA)*
  • Additional Identified Skills Shortage Payment (AISS)*
  • Centrelink Support*
  • Disability Assistance for Apprentices & Trainees*
  • Individual State-Based Financial Assistance*

Click any of these trainee and apprentice incentive payments for more detailed information about what they cover and eligibility criteria.

Registered Australian Apprentices undertaking certain apprenticeship will also be eligible for a Bunnings Power Pass for exclusive pricing and discounts off tools and materials required for their work. 

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Contact Sarina Russo Apprenticeships with any questions you may have in relation to traineeship or apprenticeship payments or view our quick summary of incentives and allowances.

APPRENTICE AND TRAINEE INCENTIVES & ALLOWANCES

Contact Us

Resource Hub

Useful resources

Boosting Apprenticeship Commencements Wage Subsidy

The Australian Government has announced it is extending the Boosting Apprenticeship Commencements (BAC) wage subsidy to support more employers and Group Training Organisations to take on new apprentices and trainees before 31 March 2022.

Get in touch

We’re here to help

Give us call or send us a message and one of our friendly team members will be in touch shortly.

Loans for apprentices

ABOUT TRADE SUPPORT LOANS

The Trade Support Loan is designed to help apprentices cover expenses, and you can receive up to $21,779* over the course of your apprenticeship.

Unlike a regular bank loan, repayments only kick in once you start earning and reach a certain income threshold. You can opt in and out of the loan, which gives you control over how much you borrow over the lifespan of your apprenticeship.  

There are no restrictions on how you spend the loan. It can be used to cover living expenses, clothes and tools of the trade, a car, or anything else you need to purchase. Just remember, that you will need to repay your loan once your income reaches the repayment threshold of $47,014** p/year. The TSL is interest-free, but is indexed annually in line with the Consumer Price Index (CPI).

Repayments are made through the income tax system (just like university HELP loans). Even better, once you’ve successfully completed your apprenticeship, you’ll receive a 20% discount on the amount you need to repay.

* 2021-22 lifetime limit
** 2021-22 income threshold

Trade Support Loan (TSL) Payments Schedule

Once your Trade Support Loan application is approved, you receive the following payments as you progress through your apprenticeship:

  • $725.97 p/month in year one
  • $544.48 p/month in year two
  • $362.99 p/month in year three
  • $181.49 p/month in year four

Once you reach the income threshold for repayments, you’ll need to make compulsory repayments through the tax system. Find information about repayment rates on the ATO website.

Eligibility

You may qualify for apprentice loan payments under the Trade Support Loans program if you’re an Australian citizen or permanent resident, and:

  • undertaking a Certificate III or IV level qualification leading to an occupation specified on the Trade Support Loans Priority List; or
  • undertaking a Certificate II, III or IV level agricultural qualification; or
  • undertaking a Certificate II, III or IV level horticultural qualification in rural or regional Australia (as determined by the list of eligible postcodes).

More Resources

Trade Support Loans – At A Glance

Trade Support Loans – Under 18s

Trade Support Loans – Parents and Guardians

For further information and advice, please view the documents above, or contact the team at Sarina Russo Apprenticeships.

Contact Us

Resource Hub

Useful resources

Boosting Apprenticeship Commencements Wage Subsidy

The Australian Government has announced it is extending the Boosting Apprenticeship Commencements (BAC) wage subsidy to support more employers and Group Training Organisations to take on new apprentices and trainees before 31 March 2022.

Get in touch

Get in touch

Give us call or send us a message and one of our friendly team members will be in touch shortly.

When you need to move from home for work

ABOUT LAFHA

The Living Away From Home Allowance (LAFHA) is a payment for apprentices who need to move out of their parent or legal guardian’s home for the first time to:

  • start an apprenticeship/traineeship
  • remain in an apprenticeship/traineeship
  • receive essential on-the-job training with another employer

Eligibility

The LAFHA is available for Australian apprentices and trainees in the first 3 years of either a full or part-time apprenticeship, or a school-based apprenticeship.

Apprentices who are homeless, or become homeless during their apprenticeship or traineeship, can also receive assistance if they meet the eligibility criteria.

You will NOT be eligible for the Living Away From Home Allowance if you:

  • have lodged a claim for Youth Allowance, Austudy or ABSTUDY and the claim is still current;
  • receive rental or accommodation assistance from Centrelink, or free or subsidised accommodation from your employer; or
  • moved out of your parental or legal guardian’s home more than 3 months before starting your apprenticeship/traineeship

Reach out to our team at Sarina Russo Apprenticeships for more information about the Living Away From Home Allowance (LAFHA). We can determine your eligibility and help you complete and submit your LAFHA for Australian Apprentices form.

Contact Us

Resource Hub

Useful resources

Boosting Apprenticeship Commencements Wage Subsidy

The Australian Government has announced it is extending the Boosting Apprenticeship Commencements (BAC) wage subsidy to support more employers and Group Training Organisations to take on new apprentices and trainees before 31 March 2022.

Get in touch

We’re here to help

Give us call or send us a message and one of our friendly team members will be in touch shortly.

Filling the skills shortage gaps

ABOUT AISS

The Additional Identified Skills Shortage (AISS) incentive provides payments for apprentices, and their employers, in the following occupations which have been identified as experiencing a shortage of skilled workers:

  • Carpenters and Joiners
  • Plasterers
  • Plumbers
  • Bakers and Pastry Cooks
  • Hairdressers
  • Vehicle Painters
  • Air-conditioning and Refrigeration Mechanics
  • Wall and Floor Tilers
  • Bricklayers and Stonemasons
  • Arborists

 A payment of $1,000 will be made to eligible apprentices 12 months after starting their apprenticeship, with an addition $1,000 paid on completion of the apprenticeship.

Eligibility

This scheme is designed to address a genuine skills shortage.

Apprentices who undertake a Certificate III or IV level qualification in one of the identified occupations from 1 July 2019, is eligible for AISS payments. To be eligible for this payment, you must remain with the same employer (or host employer) that you started your apprenticeship with.

Resources

Additional Identified Skills Shortage Payment Incentive

For further information and advice, please view the document above, or contact the team at Sarina Russo Apprenticeships.

Contact Us

Resource Hub

Useful resources

Boosting Apprenticeship Commencements Wage Subsidy

The Australian Government has announced it is extending the Boosting Apprenticeship Commencements (BAC) wage subsidy to support more employers and Group Training Organisations to take on new apprentices and trainees before 31 March 2022.

Get in touch

We’re here to help

Give us call or send us a message and one of our friendly team members will be in touch shortly.

Additional payment support for Australian Apprentices

ABOUT CENTRELINK PAYMENTS

In addition to the existing apprentice incentive payments, you may be eligible for the following fortnightly payments from Centrelink:

  • Youth Allowance for Australian apprentices aged 16-24
  • Austudy for Australian apprentices aged 25 and over
  • ABSTUDY for Australian apprentices of any age who are Indigenous Australians

To determine your eligibility for any of the above payments or benefits, please visit the Services Australia (Centrelink) website or contact Services Australia directly on 13 36 33.

Low income earners may also be eligible for a Low Income Health Care Card, to help with the cost of any medical expenses.

TELL ME MORE

Contact Us

Resource Hub

Useful resources

Boosting Apprenticeship Commencements Wage Subsidy

The Australian Government has announced it is extending the Boosting Apprenticeship Commencements (BAC) wage subsidy to support more employers and Group Training Organisations to take on new apprentices and trainees before 31 March 2022.

Get in touch

We’re here to help

Give us call or send us a message and one of our friendly team members will be in touch shortly.

Supporting apprentices and trainees with a disability

ABOUT DISABILITY ASSISTANCE

Sarina Russo Apprenticeships can help trainees and apprentices with a disability with the support they need to get into an apprenticeship or traineeship.

We can provide support to Australian apprentices, who may need additional help with off-the-job training through tutorial, interpreter and mentor services.

Employer Support

Employers may also be eligible to receive the following apprentice incentive payments when they sign up a trainee or apprentice living with a disability.

These incentives can help employers with the costs of any modifications or specialist equipment that may be needed to create a safe and supportive workplace for apprentices with a disability.

Contact Us

Resource Hub

Useful resources

Boosting Apprenticeship Commencements Wage Subsidy

The Australian Government has announced it is extending the Boosting Apprenticeship Commencements (BAC) wage subsidy to support more employers and Group Training Organisations to take on new apprentices and trainees before 31 March 2022.

Get in touch

We’re here to help

Give us call or send us a message and one of our friendly team members will be in touch shortly.

Apprentice and traineeship incentive payments by state

YOUR LOCAL INCENTIVES

In addition to the many incentive payments for apprentices and trainees offered by the Australian Federal Government, individual State Governments also offer benefits to eligible candidates.

Queensland

TRANSPORT & ACCOMMODATION SUBSIDY

Provided by the Department of Employment, Small Business and Training (DESBT), this subsidy is available to apprentices and trainees who need to travel a minimum of 100km return to attend off-the-job training for their qualification.

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New South Wales

TRANSPORT CONCESSION ENTITLEMENT CARD

This card entitles apprentices and new entrant trainees undertaking training in NSW to concession fares on public transport throughout NSW.

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Continuing Apprentices Placement Service for Apprentices (CAPS)

NSW apprentices and trainees can access the Continuing Apprentices Placement Service for Apprentices (CAPS).

If you’re an out-of-work apprentice or trainee, this scheme is designed to help you find a  new employer so you can recommence and complete your apprenticeship or traineeship. Relocation assistance is also available if you need to move for your new job.

The CAPS register allows employers in these industries to find out-of-trade apprentices and contact them with a potential placement offer.

Bert Evans Apprentice Scholarships

Valued up to $5,000 per year, this scholarship program is designed to provide financial assistance to NSW apprentices who have demonstrated:

  • hardship in their personal circumstances
  • aptitude to successfully complete their trade training
  • positive attitude and application in the workplace and in off-the-job traininG
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Apprentice Vehicle Registration Rebate

This rebate is available to help 1st or 2nd year apprentices with the cost of registering their vehicle. Criteria to qualify includes that your apprenticeship must be registered with the NSW Department of Education and Training.

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Travel, Accomodation & Relocation Assistance

If you need to travel or relocate to complete your qualification with a Registered Training Organisation, you may be eligible to have some of your costs covered.

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Victoria

TRADE APPRENTICE REGISTRATION DISCOUNT

Victorian trade apprentices may be eligible for 50% off the cost of registration renewal on a vehicle used for work.

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Australian Capital Territory

APPRENTICE/STUDENT COMPLETION PAYMENT

A $300 apprentice incentive payment is available to Australian apprentices on completion of their qualification, providing no more than 50% of training has been completed via Recognition of Prior Learning (RPL) or credit transfer.

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Interstate Training Travel Support

A small number of apprenticeship qualifications in the ACT are not delivered by any Registered Training Organisations. This means you may need to travel interstate for off-the-job training. Where this is the case, eligible Australian apprentices are entitled to a payment to help offset the cost of travel and accommodation to attend interstate training.

TELL ME MORE

Contact Us

Resource Hub

Useful resources

Boosting Apprenticeship Commencements Wage Subsidy

The Australian Government has announced it is extending the Boosting Apprenticeship Commencements (BAC) wage subsidy to support more employers and Group Training Organisations to take on new apprentices and trainees before 31 March 2022.

Get in touch

We’re here to help

Give us call or send us a message and one of our friendly team members will be in touch shortly.

In the spirit of reconciliation, Sarina Russo Group acknowledges the Traditional Custodians of Country throughout Australia and their connections to land, sea and community. We pay our respect to their Elders past and present and extend that respect to all Aboriginal and Torres Strait Islander peoples today.