Ahead of Budget 2022, the Government has announced that the Apprenticeship Boost (due to end on 5 August 2022) will be extended until the end of 2023.
Here are the key points:
- Employers can get Apprenticeship Boost support for up to 24 months per apprentice, paid monthly in advance.
- The first-year subsidy rate will lower to $500 per month (from the current $1,000 per month) from 5 August 2022.
- The second-year subsidy rate will remain at $500 per month until the initiative ends in December 2023.
The Masterlink Team will work to ensure a smooth transition when the new funding kicks in this August.
Masterlink and Master Plumbers welcome the extension of this scheme. We have lobbied government for many years advocating financial support for businesses employing apprentices. We believe training apprentices is the best solution to workforce shortages in our industry.
We are delighted that the Apprenticeship Boost has encouraged more businesses to take on apprentices – many for the first time. We will continue to work towards increasing the number of quality people entering our trades and the number of businesses passing their skills on to them.
Masterlink would like to thank our host companies for training our apprentices. They are playing a vital role in maintaining a steady stream of qualified tradespeople – now and into the future.