The Government will introduce a temporary Training Supplement for Newstart and Parenting Payment recipients to encourage those Australians vulnerable to long term unemployment to undertake training.
The Training Supplement of $41.60 per fortnight will be available to people receiving Newstart and Parenting Payment.
The Training Supplement will be available to people without Year 12 or equivalent qualification, or those who need to undertake training at the Certificate II level or higher to re-skill for the future.
It is estimated that over 50 000 low skilled job seekers take up this measure over the period 1 July 2009 to 30 June 2011.
This commitment builds on the Government’s suite of measures to help the unemployed skill up or re-skill to improve their job prospects when the economy recovers:
- a $1,158 bonus to sign up to training ($950 Training and Learning Bonus plus $208 Education Entry Payment)
- a place to study (711 000 Productivity Places including 319 000 available for job seekers)
- extra income ($41.60 per fortnight, Training Supplement).
Together these measures will provide people on Newstart and Parenting Payment, undertaking a twelve month course, with the equivalent of an additional $43 per week in financial assistance.
The payment will be available for people commencing approved training between the period 1 July 2009 and 30 June 2011. The payment will be available until any approved training commenced in this period is completed.
Proposed changes will not become law until the Budget has been passed by the House of Representatives and the Senate, and signed by the Executive Council.
Article by Christie Lewis
Christie is Practice Manager at Alan Lewis Accountants . Besides accounting, her passion is for all things small business (and blogging, of course). You can contact Christie directly at christie@lewistaxation.com.au.
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