$10,000 in incentive payments will be offered to eligible housing sector apprentices, to help offset cost of living pressures
The Federal Government has announced that it will be providing a $10,000 incentive payment to eligible apprentices, hoping to encourage more Australians to train for jobs in the residential housing sector.
From July 1, eligible apprentices will receive incentive payments on top of their wages, over the life of their apprenticeship to work in housing construction.
Apprentices will receive $2,000 after six, 12, 24, and 36 months, as well as at the completion of their apprenticeship.
The new Key Apprenticeship Program will establish a Housing Construction Apprenticeship stream in response to the Strategic Review of the Australian Apprenticeship Incentive System.
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This review found that people were being steered away from taking up apprenticeships due to cost-of-living pressures.
Prime minister Anthony Albanese says the $10,000 incentive payment will help support those apprentices struggling, while ensuring that the country has the skilled workforce needed to deliver the Homes for Australia plan, which aims to deliver 1.2 million homes over the next five years.
“Building Australia’s Future is about so much more than bricks and mortar,” he says.
“It is about creating a better life for Australians. It’s about building better education and creating new employment opportunities.
“Our tradies are the lifeblood of our construction sector, and that’s why we are announcing that apprentices who finish an apprenticeship in the housing sector will receive a $10,000 incentive payment.”