Government Funding

The Australian Government is committed in supporting the Australian workforce to boost productivity and drive the economy forward.  As a result, Governments provide a range of comprehensive funding schemes and incentive opportunities to encourage training and development in the business community.

Future Institute’s training programs qualify for Government incentive / funding arrangements, via the traineeship model.

 

 

 

 

Traineeship Misconceptions

Often businesses assume that traineeships are only applicable to young people leaving school or new employees getting back into the workforce.  It is true that traineeships are commonly provided to these groups but traineeships also extend to existing workers regardless of their age and include qualifications up to Advance Diploma level.

Traineeships Arrangements

There are hundreds of qualifications that can be delivered under a traineeship arrangement, including BSB51915 – Diploma of Leadership and Management.

Traineeships are delivered through nationally recognised qualifications and provide practical skills in the workplace. Trainees are required to be employed under contract with an organisation to gain hands-on skills and work experience under normal wages or salary. Traineeships are usually in non-trade related areas.

Depending on the worker’s existing skills / experience (and the qualification that they are undertaking), traineeships take between 9 to 24 months to complete.

 

Traineeship Qualifications Currently Available (provided by Future Institute)

  • BSB51915 Diploma of Leadership and Management
  • BSB42015 Certificate IV in Leadership and Management
  • BSB40215 Certificate IV in Business
  • BSB30115 Certificate III in Business
  • BSB40315 Certificate IV in Customer Engagement
  • BSB30215 Certificate III in Customer Engagement

 

Eligibility

There are eligibility criteria for an employee to be signed up into a Traineeship.

Incentives and funding arrangements are generally restricted to Australian Citizens, Permanent Residents or NZ passport holders with more than 6 months’ residence.

Beyond this, eligibility requirements differ between schemes, with varying degrees of detail and complexity. For this reason, Future Institute operates as an industry specialist to monitor ongoing changes to Government incentive schemes.  We also work closely with relevant Federal and State Government Agencies and Australian Apprenticeships Support Networks* to help facilitate the implementation of incentive and funding opportunities.

Future Institute assists its clients through every step and handles the administrative processes.

Contact us for more information on 1300 329 300

 

Nationwide Funding and Incentive snapshot:

Below is an overview of some of the Government incentive schemes currently available across Australia.

Information correct at time published 21.07.2016

STATE/ TERITORY PAYROLL INCENTIVE FINANCIAL INCENTIVE
WA Pay-roll Tax exemption is available for all trainees while they are studying.

 

In addition to the tax exemption, employers may receive a financial incentive up to $4,000 for each eligible new employee*
NSW Pay-roll Tax exemption is available for new employees* while they are studying.

 

In addition to the tax exemption, employers may receive a financial incentive up to $4,000 for each eligible new employee*
QLD Employers who hire trainees will receive a payroll tax rebate of 25 per cent on their wages in addition to their wages being exempt from payroll tax up to 30 June 2018. **

The rebate will be used as an offset against payroll tax payable on the wages of other employees

In addition to the tax rebate, employers may receive a financial incentive up to $4,000 for each eligible new employee*

 

SA Jobs Accelerator Grant may be available for specific circumstances {add link} Employers may receive a financial incentive up to $4,000 for each eligible new employee*
ACT Not Available In addition to the tax exemption, employers may receive a financial incentive up to $4,000 for each eligible new employee*
VIC / TAS Not Available Employers may receive a financial incentive up to $4,000 for each eligible new employee*
NT Not Available Employers may receive a financial incentive up to $4,000 for each eligible new employee*
* New Employees (New entrants): Are classified as having been employed under 3 months (full-time) or 12 months (part-time/casual) at the time of traineeship sign-up.

** MEDIA RELEASE: The 25% payroll tax rebate for employing apprentices or trainees will be doubled to 50%. The higher incentive will be available for 12 months backdated to 1 July 2016 and will apply to all apprentices and trainees, including those hired under the scheme announced in last year’s state budget.