Difference between JobKeeper and Supporting Apprentices and Trainees Wage Subsidy
The federal government announced the JobKeeper initiative to help keep more Australians in their jobs.
Through this initiative, eligible employers will be able to opt in to receive $1,500 per employee, per fortnight, to help them retain their staff. The JobKeeper payment is also available to sole traders.
Read more about the JobKeeper here.
About supporting Apprentices and Trainees Wage Subsidy
The federal government also announced the Supporting Apprentices and Trainees Wage Subsidy as part of the COVID-19 pandemic support package.
Employers who meet the eligibility criteria can apply for a wage subsidy of 50% of the wages they would normally pay to apprentices and trainees paid during the nine months from 1 January 2020 to 30 September 2020.
Read more about the new COVID-19 response Supporting Apprentices and Trainees Wage Subsidy here.
I’m an employer, can I elect whether I want to claim JobKeeper or the Supporting Apprentices and Trainees Wage Subsidy?
If you are eligible to claim both, you can choose which you would like to claim but you can’t double dip and claim both. You’ll need to determine which payment is best suited to your business and your employees.
I’m an employer but I’m not eligible for JobKeeper, can I be eligible for Supporting Apprentices and Trainees Wage Subsidy?
Yes, you can because the two initiatives have different eligibility requirements to be able to claim.
If you employee apprentices and trainees, you should contact your Australian Apprenticeship Support Network provider for assistance.
Further information about Apprentices and Wage subsidy
If you want to find out more information on who is eligible for the Supporting Apprentices and Wage subsidy then the Department of Education, Skills and Employment website is a great start.
There is also more information on the Treasury Website.
Further information about JobKeeper
You can read our summary of JobKeeper for sole traders, including eligibility, how to apply and how to complete a business monthly declaration, here.
As Airtax caters for sole traders, our information about JobKeeper for employers is limited however you can jump on the ATO website to read more, see here.