The Tasmanian Government has announced a range of measures designed to help local businesses through these difficult economic times. This payment makes up a $2.1 million package to keep apprentices and trainees in their jobs.
The Tasmanian Support Package complements the Federal Government’s stimulus package, and will mitigate the impact of coronavirus on businesses, employment and the community. This includes:
- Payments of $5000 for businesses who hire a new apprentice or trainee
- Waiving Payroll tax for the last four months for hospitality, tourism and seafood industries, and;
- Introducing a Youth Employment Payroll Tax Rebate scheme from April 1
Click here to find out more about the full range of benefits available.
How will this benefit your business?
In line with the Federal Government’s stimulus package, the Tasmanian Government will extend the current $5000 Targeted Small Business Grant to businesses that hire an apprentice or trainee! This increases funding by another $2.1 million to support businesses who take on new apprentices and trainees in targeted industries.
By waiving Payroll tax across the hospitality, tourism and seafood industries, businesses are expected to save around $7 million. Small to medium-sized businesses with an annual Payroll of up to $5 million will also be eligible to have Payroll tax waived for three months, from 31 March to June 2020.
The Tasmanian Government has recongised the positive impact young workers have on businesses, and from April 1 will introduce a Youth Employment Payroll Tax Rebate scheme to encourage businesses to hire more young people – helping keep Tassie youth employed.
Don’t miss out on these benefits – find out more today
For more information contact your local apprenticeship experts.