Trade Support Loans
Trade Support Loans (TSL) are intended to assist apprentices with the costs of living while they complete their Australian Apprenticeship.
Trade Support Loans are loans paid in instalments totalling up to $20,808 (as at 1 July 2018) over the life of an Australian Apprenticeship. Eligible Australian Apprentices may apply (opt-in) for monthly instalments, keeping the loan flexible to meet the needs of each individual.
A 20% discount will be applied to the amount borrowed when a person successfully completes their apprenticeship. The loan becomes repayable once the loan recipient’s income reaches the income repayment threshold, similar to repayment thresholds for the Higher Education Loan Program (HELP). For information regarding repayment thresholds, click here.
For further information regarding Trade Support Loans including eligibility criteria, please see the fact sheets or Contact AMAATS.
Living Away From Home Allowance
The Living Away From Home Allowance (LAFHA) provides assistance to eligible Australian Apprentices during the first three years of an Australian Apprenticeship where they are required to move away from their parent’s or guardian’s home for the first time in order to take up or remain in an Australian Apprenticeship.
This allowance is tax exempt so you will not be required to pay tax on the Living Away From Home Allowance.
Travel and Accommodation Allowance (TAA)
Through TAA, the Department of Training and Workforce Development assists apprentices and trainees with travel and accommodation related to the completion of their off-the-job training component.
Information can be found on the Department’s website here.
For enquiries relating to TAA, or to submit application forms, please contact email@example.com
Australian Apprentices may be eligible for income support through Centrelink, for example, ABSTUDY, Austudy or Youth Allowance.
For further information please visit the Department of Human of Services website or contact them on 132 490.
Industry Support (Construction Training Fund)
Recognition of Prior Learning
A subsidy of up to $400 is available to candidates who successfully complete a Recognition of Prior Learning/Skills Recognition (RPL) assessment towards obtaining a recognised building and construction trade qualification.
Eligible apprentices who have claimed relevant accommodation allowances from the Department of Training and Workforce Development (DTWD) may be able to claim an additional subsidy of up to $70 per training day to reduce costs incurred for booking commercial accommodation when attending off-the-job training with a registered training provider (RTO). Claimants must demonstrate that they have claimed relevant DTWD allowances.
For more information regarding the CTF, please visit their website here, or contact them on 9244 0100.