Incentives and Assistance
There are allowances available for you as an employer and also for your apprentice or trainee.
For the employer
The Completion Bonus
This bonus provides an additional financial incentive to employers to ensure that greater numbers of apprentices and trainees complete their training.This bonus applies to apprenticeships and traineeship completions after 1 July 2003 and is subject to eligibility criteria. The key criteria are:
- the employer must employ three or more eligible apprentices or trainees
- the apprentice or trainee must be a 'new entrant' apprentice or trainee, and not classified as an existing worker
- the apprentice or trainee must be under 25 years of age at the time they enter into their Training Contract.
Need more information?
Contact the Completion Bonus hotline for further information:
Completion Bonus Hotline
Tel: (+61 3) 9637 2761
For your apprentice or trainee
Apprentice Trade Bonus
$250 is paid after traditional apprentices complete 6 months of their apprenticeship and a further $250 is paid after the completion of 12 months. The Trade Bonus is paid to apprentices who commenced their contract of training on or after 1 January 2006.
Need more information?
For more information go to the 'Apprentice Trade Bonus' website or contact the Apprentice Bonus Hotline:
Apprentice Bonus Hotline
Tel: 1300 855 282
Accomodation allowance
Apprentices and trainees registered under a current training contract may also be entitled to an accommodation allowance if they:
- are attending a registered training organisation that has a contract to deliver structured training, and
- are attending consecutive days of training at the location of the registered training organisation and this is remote from where the apprentice or trainee usually lives