News

The Trades Apprentice Income Bonus forms part of the Government’s continuing response to maintain the increase in commencements and retention of people in skills shortage traditional trade apprenticeships as the Australian economy continues to recover from the impact of the global recession.

The Mid-Year Economic and Fiscal Outlook (MYEFO) signals increased support for Australian apprentices as the Gillard Government continues to invest in the skills needed for a strengthening economy. From 1 January 2011, trade apprentices working in ‘skill shortage occupations’ will receive additional tax exempt bonuses of up to $1700 as they reach milestones during their training.