Australia to spend A$1.2b to expand wage subsidy scheme for apprentices

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(The Malay Mail)

Australia will spend A$1.2 billion (RM3.7 billion) to expand its wage subsidy scheme for apprentices, Prime Minister Scott Morrison will say tomorrow, the first step in a plan to wean the economy off a wider wage subsidy scheme.

The A$70-billion scheme, known as JobKeeper, through which the government subsidises wages for workers in businesses damaged by the coronavirus pandemic, is to run until the end of March.

Morrison has said the scheme will be replaced instead by targeted stimulus, the first stage of which will be an expansion of the scheme to pay part of the wages of apprentices.

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