NIBA's weekly e-newsletter, Broker Buzz, is packed with the latest industry and product news, regulatory updates, forthcoming events and seminars.
The Federal Government has announced that Australian businesses will receive the 50 per cent wage subsidy, up to a cap of $7,000 per quarter, for commencing apprentices and trainees, including those employed by Group Training Organisations, for the period up to 30 September 2021.
Minister for Employment, Skills, Small and Family Business, Michaelia Cash said, “I am pleased to advise that to invest further in Australia’s training system and skills pipeline, the Government has committed an additional $1.2 billion through our Boosting
Apprenticeship Commencements Wage Subsidy, to boost the number of new apprenticeships and traineeships.”
This will support up to 100,000 new apprentices and trainees by paying a 50 per cent wage subsidy for commencing apprentices and trainees at businesses of all sizes, in all industries, and in all locations. Existing workers embarking on a new apprenticeship will be included in this scheme to support upskilling and reskilling.
Minister Cash said, “I strongly encourage you or your members to explore taking up the apprenticeship wage subsidy, to drive employment and growth and get Australians back into jobs.”
For more information or help to find and recruit an apprentice or trainee, click here. The website contains contact details for your
local Australian Apprenticeship Network Provider, who can advise you about the full range of apprenticeship incentives for which a business may be eligible.
NIBA members looking to take on new trainees may be eligible for a 50 per cent wage subsidy for the first year
As domestic and international travel become accessible again, travel insurance will undoubtedly need to adjust to meet consumer expectations
ASIC warns time is fast running out for insurance claims handling AFS licence applications
NIBA has provided a submission on behalf of members to the review of AFCA