UDIA National welcomes the Federal Government’s decision to extend employer incentives for apprentices, praising it as a much-needed enabler of housing supply.
As of 1 January, the Albanese Labor Government is extending its $5,000 financial incentive for employers who engage apprentices in the Key Apprenticeship Program (KAP) sectors of housing and new energy.
Employers will continue to receive $5,000 for engaging apprentices in KAP priority occupations for another year, while apprentices will continue to receive $10,000.
UDIA National President Oscar Stanley said the extension will take the pressure off the costs of training, making it easier for employers to take on apprentices and build their productivity.
“Government has heard industry’s calls and this incentive is absolutely crucial to helping employers lower the operational risk of taking on apprentices,” Mr Stanley said.
“The measure will assist industry to deliver housing in an environment where skills shortages are a handbrake on productivity. “UDIA welcomes this smart initiative and looks forward to continuing to work with Government to ensure the housing industry has the skilled workforce it needs to deliver on crucial housing targets.”