The Hair and Beauty Australia Industry Association have announced that the Tools of Trade legislation has ceased as of July this year. This rule pertains to a tax exempt allowance for apprentices in order to assist with the cost of tools, training and other apprenticeship costs.
Tools of Trade has ceased for apprentices as of July
The change means that any apprentice who commences their apprenticeship after July 1st 2014 or any existing apprentices with Tool for Trade payments due after this date will not receive their payment.
However, subject to legislation, apprentices will have access to student loans. Apprentices will be eligible to access $20 000 in student loans over a four year period, with the loans paid monthly.
Tools of Trade pertains to a tax exempt allowance for apprentices
This information is vital for all apprentices, students, aspiring stylists, educators and salon owners who need to know what is available to them within the industry. Any clarification can be found through the Hair and Beauty Australia Industry Association, which exists to spread this knowledge amongst the industry and clarify any changes in work practice which affect the industry as a whole. The association can offer individual, tailored advice to assist all hair and beauty salons, day spas and training colleges in their legal obligations.
For more information visit www.hairandbeautyaustralia.com.au or call 1800 997 795
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