Posted on 03/04/19 in
Following the recent Federal Budget announcement by the Treasurer, the Hon. Josh Frydenberg MP, the Government will commit over $525 million to ensure Australia's vocational education and training (VET) sector delivers critical skills for our future.
From 1 July 2019, the Government will increase incentive payments for businesses and apprentices in skills shortage occupations. The payments made to employers will double from $4,000 to $8,000 per placement, with a new $2,000 incentive paid to apprentices.
The occupations eligible for the payments include:
- Carpenters and Joiners
- Airconditioning and Refrigeration Mechanics
- Bricklayers and Stonemasons
- Bakers and Pastrycooks
- Vehicle Painters
- Wall and Floor Tilers
Mr Frydenberg promised to create up to 80,000 new apprenticeships by 2024. This will allow all Australians of all ages to develop the skills they need for not only the jobs of today, but also jobs of the future.
The Government will also work closely with industry to train Australians in areas of future high demand, including communications technology, advanced manufacturing and health services. As indicated by Mr Frydenberg "technological change is transforming the nature of work for millions of Australians". Hence, a further $62.4 million will be invested to improve language, literacy, numeracy and digital skills.
Senator the Hon Michaelia Cash, Minister for Skills and Vocational Education, says "[...] the package enhances VET as a direct pathway into Australia's labour market - be it for their first job, for career progression, to transition to new industries or to create their own business."
As your Australian Apprenticeship Support Network provider, we support this initiative and we look forward to keeping you up to date with any further developments and announcements in regard to this.
In the meantime, if you require additional information in relation to ASA please contact us on 1300 363 831 or contact us here.