The Morrison Government this week announced an additional $11.6 million to assist mature aged workers with the extension of the Skills and Training Incentive.
Extending the Incentives program to 30 June 2022 is part of the Government’s commitment to ensure mature aged people, particularly those impacted by COVID-19, have better options to remain in the workforce longer.
The Skills and Training Incentive provides individuals aged 45-70, who have completed a tailored Skills Checkpoint assessment, with funding of up to $2,200 to invest in training linked to their current job, a future opportunity, or an industry/skill in demand.
It will encourage ongoing investment in the skills development of older Australians.
The individual, or their employer, will be required to co-contribute to the cost of training, which can be either accredited or non-accredited training.
The additional investment in the Skills and Training Incentive will provide up to 5,400 Incentives for eligible mature aged Australians.
This builds on the $19.3 million allocated as part of the 2018–19 Federal Budget’s More Choices for a Longer Life package, which funded the initial allocation of Incentives.
More details HERE.