NEW and EXISTING EMPLOYEE (BAC) Funding
What is BAC?
To help businesses recover from the impact of COVID-19, the Federal Government has introduced employer subsidy support for trainees undertaking a broad range of courses, many of which are offered by OPEC College.
This support package is known as ‘Boosting Apprenticeship Commencements’ or BAC, and is valued at up to $28,000 for twelve months.
The Employer funding is designed to encourage employers to recruit and train staff members, with the benefit to employees being an enhanced CV, an important new skill, and the potential for some time off during work to study.
Are you eligible?
To be eligible to receive the subsidy, employers must:
Have recruited a full-time employee less than three months ago
Have recruited a part-time employee within the last twelve months
Have transitioned a casual employee to permanent or permanent part time
Ensure the employee is undertaking a relevant Certificate II or higher qualification
Apply before 31 March 2022
Employers can also claim for existing employees who study Schedule I Courses such as the OPEC College Certificate IV in Work, Health and Safety.
It is important to understand that this is a funding model only. An employee’s role, responsibilities, pay and conditions will not be affected by signing into one of the BAC Traineeships.
Eligibility requirements and course options vary considerably between States. For more detailed information, please reach out to us via [email protected] and a member of our team will help unpack it for you. We are also happy to chat with any employers who have questions.