The federal government expects to extend the wage subsidy program for apprentices and trainees for another year, creating 70,000 new jobs.
- It is estimated that expanding the scheme will cost $ 1.2 billion
- The subsidy program was launched last year to mitigate the impact of the pandemic on employment.
- Treasury officials say there will be news about support in the coming days after JobKeeper is closed
Prime Minister Scott Morrison announces that the plan has reached its limits Created 100,000 apprentices since it started last October..
He said the program’s caps will be lifted and the estimated price will be $ 1.2 billion, making it a demand-driven scheme.
“We will extend this until the end of September this year to support these new apprentices for 12 months,” Morrison said.
“These people aren’t just young people. About one-third of those who participate in this program are over 35 years old.
Under this system, taxpayers subsidize 50 percent of the wages of apprentices and trainees.
The program was a government way to secure jobs for apprentices amid fears that the pandemic and the recession it caused would have a devastating impact on employment.
The announcement comes after JobKeeper ends at the end of the month, when questions are being raised about what government support will provide to companies that continue to struggle under the ongoing border closure.
Treasury Secretary Josh Frydenberg is currently in Farnorth, Queensland, but did not provide information on planned measures and told Sky News that the government was “considering details” in the coming days. He said he needed to speak further.
Subsidy extensions apply to those who are already participating in the scheme
Employment Minister Michelia Cash said the extension would mean that companies applying for new apprenticeships between now and September 30 would receive a 12-month subsidy.
“And for a company that did the right thing and helped get 100,000 new apprentices to work … their apprentice wage subsidies would turn into full 12-month wage subsidies,” she said. I did.
“Today, we haven’t capped the program, so we can enroll apprentices across Australia, at any company, at any size, and in any region.”
Senator Cash said it would also apply to anyone trying to resume apprenticeship.
She told Channel Nine earlier Tuesday that about 40% of the 100,000 new positions created were directed at women. This was more than I expected.
“I think about 36% of new graduations were women, so it’s actually more than what you’d normally see,” she said.
The government has expanded its apprenticeship wage subsidy system, and the future beyond JobKeeper is still uncertain.
Source link The government has expanded its apprenticeship wage subsidy system, and the future beyond JobKeeper is still uncertain.