Financial Assistance

Financial assistance to help with the cost of developing your skills and knowledge for your chosen career

Australian Apprentice Training Support Payment
Up to $5,000

The Australian Apprentice Training Support Payment is available to eligible apprentices in priority occupations listed on the Australian Apprenticeship Priority List.

Full-time: $1,250 every six months over the first two years of the apprenticeship (up to $5,000 in total). Direct financial assistance for apprentices undertaking a Certificate III or higher qualification in a priority occupation on the Australian Apprenticeships Priority List to support them to complete their training.

Note: A period of suspension or cancellation may affect the claim period.

Part-time: $625 every six months over the first two years of the apprenticeship (up to $2500 in total).

Direct financial assistance for Australian apprentices undertaking a Certificate III or higher qualification in a priority occupation on the Australian Apprenticeships Priority List to support them to complete their training.

Note: A period of suspension or cancellation may affect the claim period.

PRIORITY LIST

New Energy Apprenticeships Program
Up to $10,000

Direct financial assistance for Australian apprentices in the clean energy sector.
Full-time: $2,000 at six, 12, 24 and 36 months and completion of their qualification.

Part-time: $1,000 at same intervals as full-time apprentices.

Note: both the employer and apprentice must complete a signed declaration, confirming the apprentice will undertake work and build their skills in the clean energy sector.

Eligible occupations are identified as a subset on the Australian Apprenticeship Priority List.

PRIORITY LIST

Australian Apprenticeship Support Loans Scheme

Eligible apprentices and trainees have access to loans up to a $22,890 lifetime limit, over four years to assist with the costs of completing an apprenticeship or traineeship.

Paid in monthly instalments in arrears with annual limits of $9,156 in year one; $6,867 in year two; $4,578 in year three; and $2,289 in year four.
Repayments of the loan are made through the tax system and start when you are earning a sustainable income. The compulsory repayment threshold for the 2022-23 income year is $48,361.

A 20% discount applies to the loan on successful completion of your apprenticeship or traineeship.

Travel and Accommodation Allowance (TAA)

Financial assistance to apprentices who are required to travel long-distance to attend off-the-job training. The TAA is a financial contribution to assist with apprentices’ travel and accommodation expenses.

The Apprenticeship Data Management System (ADMS) assists apprentices to apply for loans or allowances and complete their own claim applications to receive payments under the incentive system.

Find out more abut signing up to ADMS here, then you can complete your claim or loan application.

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