As you maybe aware, as of midnight on 26th October, The Federal Government announced changes to the Boosting Apprenticeship Commencements scheme.
In a nutshell, NEW employees that have been working with your Agency FOR LESS THAN 3 MONTHS are now the only candidates eligible for this scheme.
The good news, is that if you have been thinking about hiring a new team member, NOW IS THE TIME TO DO SO!!!
Places are still strictly limited and the funding could change again without notice, SO GET HIRING NOW and you could potentially received up to $28,000 pa as a wage subsidy for your new employee!!!
Please find below, updated information on how the program now works.
Government incentive of up to $28,000.00 per new employee that undertakes a real estate traineeship to obtain their licence qualification.
From the 5th October the Federal Government will subsidise the wages of Trainees and Apprentices by 50% up to a maximum of $28,000.00 per annum, or $7,000 per quarter for the period until 30th September, 2021. This presents an incredible opportunity for Real Estate Agencies looking to hire new or transfer casual or part-time staff to full-time employment.
The $1.2 billion Federal Government cash injection is designed to get people employed and trained whilst giving employers an incentive to hire new staff.
By enrolling a new team member into Think Real Estate’s Traineeship Program you may qualify for this subsidy and they will achieve their Real Estate Licence qualification by undertaking the CPP41419 - Certificate IV in Real Estate Practice – Class 2 Licence Course.
Given that it is now mandatory for all Certificate of Registration holders to become Class 2 Licence holder, within a maximum of 4 years, this new incentive is a no brainer and all new, casual or part-time staff should be encouraged to apply for this funding through Think Real Estate.
There are only 100,000 available places across all industries.
How do you apply:
1. To be eligible you must be employed for LESS THAN 3 MONTHS within the Agency. If you are a casual employee transitioning to part-time employment or part-time employee transitioning to full-time employment you may also qualify.
2. Return the form to Think Real Estate
3. This will then be sent to the Apprenticeship Centre for approval
4. The Apprenticeship Centre will then meet with student and employer
5. Following approval Think Real Estate will organise your employees training program to enable them to start their Real Estate Licence Course training.
6. The Licence Course can be completed online, via workshops or a combination of both. All students have a minimum completion time of 12 months and a maximum completion time of 24 months.
How does the funding work:
Once your Trainee is approved, you will claim a 50% subsidy of the wages you pay them each quarter. This payment is capped at $7,000.00 per quarter.
Upon receipt of your first quarter payment, you will be required to pay Think Real Estate the sum of $2,000.00 and a second payment of $2,000.00 again upon receipt of the second quarter payment to cover the cost of the Traineeship Program.
Following this payment, all additional payments per quarter will be retained by your office.
To find out more, please contact our office as soon as possible in order to secure this new wage subsidy, Federal Government incentive.
This is an opportunity not to be missed for an Agency Principal looking to expand their business and upskill their new staff.
This presents an incredible opportunity for Real Estate Agencies looking to hire new and train existing staff.
For further information download our Course Information Booklet and Course Brochure below or to speak to one of our highly trained team call 1300 660 402. Please ensure that you understand your rights and responsibilities as a student, by reading the Participant Handbook prior to enrolment.
IMPORTANT NOTE: If you are on JobKeeper you will not qualify for this program.
*Final eligibility is determined by Apprenticeship Support Australia Apprenticeship Network based on the information provided on the training contract and the current Federal Government guidelines. Incentive eligibility is subject to change and neither Think Real Estate nor Apprenticeship Support Australia have discretion to alter Federal Government eligibility assessments.*
Please note: The CPP40307 Certificate IV in Property Services (Real Estate) will be superseded by CPP41419 Certificate IV in Real Estate Practice on 30th September, 2021. For further information please visit training.gov.au.