House of Representatives
Social Security Amendment (Apprenticeship Wage Top-Up for Australian Apprentices) Bill 2007
Explanatory Memorandum
(Circulated by authority of the Minister for Vocational and Further Education the Honourable Andrew Robb AO MP)FINANCIAL IMPACT
The Apprenticeship Wage Top-Up payments are to be funded through annual appropriations and are estimated to cost $342.5 million over four years.
It is not possible to estimate the financial impact of the income exemptions as this will be determined by the number of Australian Apprentices who qualify for the Apprenticeship Wage Top-Up payment.
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