Financial Incentives and Payments for Apprentices and Trainees | Sarina Russo

Apprentice Incentives & Allowances

An apprenticeship or traineeship is a great way to earn while you learn! In addition to any wage your employer pays, there are a number of financial incentives and allowances for apprentices and trainees.

Ready to offset your expenses? We’re here to support you!

Financial support for apprentices working in priority occupations

NEW ENERGY

If you undertake a New Energy Apprenticeship, you may be eligible for the New Energy Apprentice Support Payment which is up to $10,000 over the course of your Apprenticeship. This is usually made up of payments at the following points during the Apprenticeship:

  • $2000 when you commence into an eligible Apprenticeship
  • Three $2000 when you have completed your first year, second year and your third year of the Apprenticeship; and
  • $2000 when you complete your Apprenticeship

 This is general information only and your individual circumstances may impact what you’re able to receive – your Apprentice Connect Australia Provider will assess your eligibility and assist you with submitting claims.

Am I eligible to receive an incentive?

To check what you may be eligible to receive, please contact your Sarina Russo New Energy Mentor and we will advise you on your eligibility and can help you to lodge a claim in the Apprenticeships Data Management System.

Starting from 01 July 2024, incentives are available to eligible apprentices.

Is my employer eligible for an incentive?

Yes, because Clean Energy Occupations are a subset of the Priority List, your employer is likely to be
eligible for the Priority Wage Subsidy. The Priority Wage Subsidy is paid at the following rates:

  • 10 per cent of wages for first and second-year apprentices (up to $1,500 per quarter).
  • 5 per cent of wages for the third-year apprentices (up to $750 per quarter).

Loans for Priority List apprenticeships and traineeships

AUSTRALIAN APPRENTICESHIP SUPPORT LOANS

You may be eligible to receive assistance through an Australian Apprentice Support Loan. The Australian Apprentice Support Loan is designed to provide financial assistance to eligible Apprentices and Trainees while you’re undertaking your Australian Apprenticeship. Australian Apprentice Support Loans are a loan that will need to be repaid once your income reaches the income repayment threshold and are repaid through the income tax system. If you successfully complete your Apprenticeship or Traineeship, you will be eligible for a discount on the amount you need to repay.

There are no restrictions on how you use the Australian Apprentice Support Loan – you can use this to cover living expenses, clothes, tools, transport, or anything else you need to purchase. It’s important to remember that this is a loan and you will be required to repay this once you reach the income repayment threshold.

Australian Apprentice Support Loans are subject to eligibility requirements – if you’re interested in finding out more about the Australian Apprentice Support Loan, you should speak to your Apprentice Connect Australia Provider and they can assist you if you want to apply.

As above for AASL, recommend we also remove all information on eligibility for LAFHA – would recommend we add the below to the “when you need to move from home for work” section and remove eligibility

There are eligibility requirements that apply if you want to access LAFHA – if you want to know more about this or you want to apply, please contact your Apprentice Connect Australia Provider and they will be able to assist you.

Additional payment support for Australian Apprentices

CENTRELINK PAYMENTS

In addition to the existing apprentice incentive payments, you may be eligible for the following fortnightly payments from Centrelink:

  • Youth Allowance for Australian apprentices aged 16-24
  • Austudy for Australian apprentices aged 25 and over
  • ABSTUDY for Australian apprentices of any age who are Indigenous Australians

To determine your eligibility for any of the above payments or benefits, please visit the Services Australia (Centrelink) website or contact Services Australia directly on 13 36 33.

Low income earners may also be eligible for a Low Income Health Care Card, to help with the cost of any medical expenses.

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Supporting apprentices and trainees with a disability

DISABILITY ASSISTANCE

There is additional assistance available to eligible people with disability to help them undertake an Apprenticeship or Traineeship. Assistance may also be available to the Employer through the Disable Australian Apprenticeship Wage Support and through the Employment Assistance Fund.

 There are eligibility  requirements that apply to these supports, so you should speak to your Apprentice Connect Australia Provider if you would like to know more.

More Resources

For further information on Australian Apprenticeship Support Loans, click here or contact the team at Sarina Russo Apprenticeships.

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Innovations in renewable energy technology are paving the way towards a sustainable and resilient energy future. Renewable energy sources, such as solar, wind, hydro, and geothermal, are becoming increasingly vital in our transition to a low-carbon economy.

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Apprentice and traineeship incentive payments by state

YOUR LOCAL INCENTIVES

In addition to the incentives available through the Apprenticeship Incentive System, individual State Governments also may have additional support available to apprentices and trainees. For more information, refer to your relevant State Government website:

Contact Us

Resource Hub

Useful resources

Powering the future

Innovations in renewable energy technology are paving the way towards a sustainable and resilient energy future. Renewable energy sources, such as solar, wind, hydro, and geothermal, are becoming increasingly vital in our transition to a low-carbon economy.

Get in touch

We’re here to help

Give us call or send us a message and one of our friendly team members will be in touch shortly.

Sarina Russo Group acknowledges the First Nations Peoples of this Country, the traditional custodians connected to the land, water and community on which we live, work and help others to live their best lives. We also pay respect to the Elders past, present and emerging, who strive to build a better and more sustainable future for future generations to come.