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State Government Financial Incentives

Completion Bonus

The Completion Bonus applies to Traineeship and Apprenticeship completions after 1 July 2003 and is subject to an eligibility criteria.

Apprentices

As of 1 July 2010, to maximise the retention and completion of apprentices, the payment to the employer of eligible apprentices has been increased to $4,000.

Trainees

As of 1 July 2010, incentives paid to employers of trainees will remain at $1,300 but is limited to employers that have trainees at Certificate III level and above.

The revised eligibility criteria as at 1 July 2010 are as follows:

The employer must employ three or more eligible Trainees or Apprentices studying at Certificate III level and above
The Trainee or Apprentice must be a ‘new entrant’ employee, not an existing employee
The Trainee or Apprentice must be under 25 years old when they enter into the Training Contract
School based Trainees and Apprentices are eligible provided the other criteria are met.

Early Completion Bonus – Apprenticeships only

The Early Completion Bonus of $1,000 is payable to any employer whose Apprentice completes their training more than six months early. This bonus does not apply to early completion of traineeships.

For information on how to claim the Completion Bonus or the Early Completion Bonus payment or for other enquiries regarding this payment, contact Skills Victoria on 03 9637 2761.

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