BAC Funding

To assist with the recovery from the impact of COVID-19, the Australian Government is providing support to all employers who engage a new Australian Trainee/ Apprentice.

Businesses have an opportunity to attract new staff while potentially reducing their salary costs. Any business that engages an Australian Trainee on or after 5th October 2020 may be eligible for a subsidy of up to 50 percent of gross wages, up to 30 September 2021. 

The REIV traineeship qualifies as an approved course under the Boosting Apprenticeship Commencements (BAC) program. The REIV traineeship allows individuals to complete the CPP41419 Certificate IV in Real Estate Practice while working in the industry. The program is delivered through a combination of workplace training, REIV trainer support, learning materials and workplace visits.

With a limited number of places on offer, it is important that employers discuss this with their staff and apply as soon as possible.

The Program

  • Any business that engages an Australian Trainee on or after 5th October 2020 may be eligible for a subsidy of up to 50 percent of gross wages, up to 30 September 2021. 

  • The Australian Trainee must undertake a Certificate II or higher qualification and has a training contract that is formally approved by the state training authority.

  • Employers can apply for new workers.


Relevance for real estate training

The REIV Traineeship to complete the CPP41419 Certificate IV in Real Estate Practice, qualifies for this subsidy. Find out more.

Please note, education requirements for the Estate Agent’s Licence have changed. Read More

 

Eligibility requirements

Your business may be eligible if:

  • You engage a Trainee between 5 October 2020 and 30 September 2021

  • Your Trainee is undertaking a Certificate II or higher qualification

  • Your Trainee meets the following eligibility criteria:

    • Employment and Training Arrangements; and

    • Citizenship Status

  • Your Trainee has a training contract that is formally approved by the State Training Authority.

 

​The subsidy

  • Eligible employers will receive a wage subsidy of up to 50 percent of the Trainee’s gross wage paid.

  • The wage subsidy is available for a maximum of $7,000 per quarter per eligible Trainee.

  • The subsidy is available for wages paid from 5 October 2020 to 30 September 2021.

  • The subsidy is capped at 100,000 places Australia wide.

  • The subsidy is not available for any apprentice receiving any other form of Australian Government wage subsidy e.g. Supporting Apprentices and Trainees or JobKeeper.

  • Payments will be made quarterly in arrears, with first claims for the subsidy available from 1 January 2021.

  • Final claims for payment must be lodged by 31 December 2021.​
 


More Information

Review the links below for further information on the BAC:


Getting Started