Good news for apprentices! Trade Support Loans increase - effective 1 July.

27 June, 2017

That's great…but what’s a Trade Support Loan?

Trade Support Loans were created by the Australian Government to help eligible apprentices cover their everyday costs while they complete their apprenticeship.

What’s changing?

Effective 1 July 2017, the total amount available to eligible apprentices has increased from $20,000 to $20,420 in line with Consumer Price Index (CPI) increases.

If your Trade Support Loan (TSL) application has already been approved, there’s nothing you need to do - the amount you receive monthly will be increased automatically once the change takes effect.

Need to know more? Check out our TSL FAQs:

  • Am I eligible for TSL?

    TSL eligibility will remain the same after 1 July.

    To be eligible for TSL you must reside in Australia and be an Australian citizen, or the holder of a permanent visa, and be undertaking one of the following:

    • a Certificate III or IV qualification that leads to an occupation on the Trade Support Loans Priority List*
    • a Certificate II, III or IV in the agriculture sector
    • a Certificate II, III or IV in the horticulture sector, where you’re working in a rural or regional area**


    If you're a school-based and/or part-time apprentice, you are also eligible to apply, as long you meet the above eligibility criteria. Once approved, your payments will be made at the same rate as for full-time apprentices (see below).

  • How much am I entitled to?

    Loans of up to $20,420 are available, paid to apprentices monthly in arrears over the life of the apprenticeship.

     First Year  $8,168 (12 monthly payments of $680.67)
     Second Year  $6,126 (12 monthly payments of $510.50)
     Third Year  $4,084 (12 monthly payments of $340.33)
     Fourth Year (and beyond)  $2,042 (12 monthly payments of $170.17)
  • How do repayments work?

    You’ll only be required to stay repaying your TSL once you’ve reached the minimum income threshold.†

    If you successfully complete your apprenticeship, you’ll receive a 20% discount off your total loan amount.

  • Is anything else changing?

    Just one more thing - from 1 July 2017, Australians who live overseas (or intend to move overseas), will be required to make compulsory TSL repayments if their Australian and foreign-sourced income is above the minimum repayment threshold.†^

  • How do I apply?

    We can provide you with an application form, check your eligibility and send your application off to be approved by the relevant Government department.

    If you no longer wish to receive TSL payments, you can opt-out at any stage by contacting us by phone, email, in person, or in writing.

  • What if I’ve already opted out? Or what if I’m halfway through my apprenticeship and haven’t applied for TSL yet?

    That’s ok! Eligible apprentices can apply for TSL at any time throughout their apprenticeship.

    If you’ve already opted out, you can apply to opt back in at any stage.

*Trade Support Loans Priority List

** Further eligibility criteria apply. Find out more here.

† In the 2017-2018 financial year the repayment threshold is $55,874. ^Find out more about TSL repayments while living overseas here.

This information is provided as a guide only and is subject to change without notice. Information is current at time of publishing.