Apprentice and Trainee Grant for Small Business

What is the Apprentice and Trainee Grant for Small Business?

The Apprentice and Trainee Grant for Small Business is a program that provides small businesses with a subsidy for each trainee or apprentice they employ as a new worker from January 2021.

Background

The Apprentice and Trainee Grant for Small Business is a grants program aimed at increasing the number of apprentices and trainees employed by small businesses in Tasmania.

The Program will assist the Government’s agenda to increase the number of apprentices and trainees by 40 percent by 2025. This Program replaces the Targeted Apprentice and Trainee Grant for Small Business which will cease on 31 December 2020.

Allocation of Program funding will be closely monitored by Skills Tasmania to ensure the Minister for Education and Training is provided with timely advice regarding the expenditure of the fund. If the funding is close to becoming exhausted, a review of the Program will occur and a decision made regarding continuing the Program or closing it to new applications.

Objectives

The Apprentice and Trainee Grant for Small Business aims to:

Support a skilled workforce in Tasmania.
Increase the number of apprentices and trainees employed in small businesses in Tasmania.
Provide financial subsidies to assist small businesses to employ an apprentice or trainee.
Provide additional opportunities for people wishing to gain a qualification under an apprenticeship or traineeship arrangement.

Funding

Subsidies are available to small businesses if they hire a new apprentice or trainee and they are not entitled to claim the Payroll Tax Rebate Scheme– external site.

Subsidies of up to $5000 are provided for each apprentice or trainee employed on a full-time basis, and $2500 for each apprentice or trainee employed on a part-time basis.

Subsidies are provided in two equal payments 6 months and 12 months after the commencement of the training contract of the new apprentice or trainee.

Eligibility

Under this program, eligibility criteria apply to both the employer and the apprentice or trainee.

The employer of the apprentice or trainee must:

be registered on the Australian business register (ABR)
not be liable to pay payroll tax to the Commissioner of State Revenue for the individual apprentice or trainee at the time the application is lodged
employ the apprentice or trainee in a workplace physically located in Tasmania

The apprentice or trainee must:

have commenced in a valid training contract, dated on or after 1 January 2021, with an employer who meets the employer eligibility criteria
be classified as a new worker on that training contract
continue to be in employment with the employer at the time of payment of the first instalment of the grant

Timing

Applications open on an ongoing basis.

More Information

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