Apprenticeship financial support explained: What support is available, who’s eligible and everything to know [Video]

It’s not just the trainees who stand to benefit, either, with employers who take them on also able to benefit from some financial aid.

This is what you need to know about the payments, including who’s eligible and how much you can get.

What financial support is available for apprentices?

There are a couple of support payments available for people undertaking apprenticeships in critical industries as of July 1, 2024.

The first is the Australian Apprentice Training Support Payment. 

This is up to $5000, paid over four front-loaded installments, to an apprentice who’s working in one of the 120 government-designated “priority occupations”.

The other is the New Energy Apprentice Support Payment.

This offers eligible full-time apprentices up to $10,000 (and $5000 for part-timers) in incentives as they train in occupations the government has earmarked as being part of the clean energy industry.

Someone can only apply for one of the two payments. So no, you can’t get up to $15,000 …