Boosting Apprenticeship Commencements (BAC) Wage Subsidy – EXTENDED TO 31 March 2022!!
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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.
Your business or Group Training Organisation may be eligible.
BAC offers a wage subsidy of up to 50 per cent of the Australian Apprentice’s gross wage paid**. The wage subsidy is available for a maximum of $7,000 per quarter, per eligible Australian Apprentice, for wages paid in the12-month period from date of commencement or recommencement.
After 12 months of BAC support, employers will be eligible to transition to the Completing Apprenticeship Commencements (CAC) wage subsidy for the second and third years of an apprenticeship or traineeship.
Under the CAC, eligible employers will receive a 10% wage subsidy in the 2nd year of an eligible apprenticeship (capped at $1,500 per quarter), and a 5% wage subsidy in the 3rd year of the eligible apprenticeship (capped at $750 per quarter).