General
Government extends apprenticeship wage subsidy scheme, future beyond JobKeeper still uncertain
The federal government has extended its wage subsidy scheme for apprentices and trainees for another year, in a move it expects will generate 70,000 new positions.
Key points:
- It is estimated extending the scheme will cost $1.2 billion
- The subsidy program was initiated last year to mitigate the pandemic’s impact on employment
- The Treasurer says there will be news in the coming days about support after JobKeeper ends
Prime Minister Scott Morrison announced the scheme had reached its limit and had created 100,000 apprenticeships since it was started last October.
He said the cap on the program would be removed and it would become a demand-driven scheme, with an estimated price tag of $1.2 billion.
“We’re extending it out until the end of…
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