If you are an electrical apprentice and are fearful as to what may happen given the slowdown, here is some news for you.
The Australian Government will support REC's to retain their apprentices and trainees. They can apply for a wage subsidy of 50 per cent of your wage paid during the 9 months from 1 January 2020 to 30 September 2020. Where a small business is not able to retain an apprentice, the subsidy will be available to a new employer.
RE's will be reimbursed up to a maximum of $21,000 per eligible apprentice or trainee ($7,000 per quarter).
Who is eligible?
The subsidy will be available to REC's employing fewer than 20 full-time employees, who retain an apprentice or trainee. The apprentice or trainee must have been in training with a small business as at 1 March 2020.
REC's of any size and Group Training Organisations that re-engage an eligible out-of-trade apprentice or trainee will also be eligible for the subsidy.
REC's will be able to access the subsidy after an eligibility assessment is undertaken by an Australian Apprenticeship Support Network (AASN) provider, such as Apprenticeship Support Australia.
This measure will support up to 70,000 small businesses including RECs.
What’s the timing?
Employers can register for the subsidy from early-April 2020. Final claims for payment must be lodged by 31 December 2020.
For more details please see http://www.apprenticeshipsupport.com.au/coronavirus-stimulus-package-announcement