Support extended for the Boosting Apprenticeship Commencements (BAC) Program
The Federal Government will continue to secure Australia’s economic recovery by expanding support to help apprentices finish their training - protecting the skills pipeline delivered under the government’s successful Boosting Apprenticeship Commencements (BAC) program.
The $3.9 billion BAC program will extend support into the second and third year of an eligible Australian Apprenticeship through the $716 million Completing Apprenticeship Commencements program. This will give employers the confidence to retain an apprentice in their second and third years of training right through to completion.
Under the new changes - from October 2021 - eligible employers will receive:
- a 10 per cent wage subsidy in the second year of an eligible apprenticeship;
- a five per cent wage subsidy in the third year.
The new Completing Apprenticeship Commencements program will help maintain a pipeline of skilled workers right across the economy - with 348,200 Australians training as at June 2021 (that's 30 per cent more than the previous 12 months).
In the McPherson electorate, more than 1,650 local apprentices have already been supported by wage subsidies.
For further information on how to apply for the program, including eligibility, click here or contact an Australian Apprenticeship Support Network provider.
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