Video | Agriculture | Confidence | Economy | Energy | Employment | Finance | Media | Property | RBNZ | Science | SOEs | Tax | Technology | Telecoms | Tourism | Transport | Search

 


Apprenticeship Reboot Announcement Timely

For immediate release

Apprenticeship Reboot Announcement Timely
18 December 2013

The Industry Training Federation welcomes the Government’s announcement today to extend the reboot subsidy for eligible apprentices and trainees by another 4,000 places.

“This is an appropriate adjustment by the Government to extend the reboot scheme as it has proved to be successful” say the Industry Training Federation Chief Executive Mark Oldershaw. “The initial allocation open to the first 10,000 eligible apprentices and trainees will be fully taken up by the end of this year and as such an extension seemed to be a natural thing to do. I would expect that the additional 4,000 will be taken up quickly and my belief is that further investment in industry training would be entirely justified.”

“From the Government’s perspective industry training represents exceptional value for their investment, given that industry contributes a direct cash contribution of around 30 percent. It is also acknowledged that apprentices and trainees are earning a wage whilst completing their qualifications, thus contributing to the New Zealand economy rather than building up a student loan” said Mr Oldershaw.

“With the New Zealand economy starting to show some sure signs of improvement it is expected that industry trainee and apprentice numbers will improve as employment numbers grow. The industry training sector has had a significant amount of funding re-appropriated to other tertiary education providers over the last 5 years so now is the time to look at an increase in base-line funding for ITOs.”

“Over the last 2 years the ITO sector has gone through a significant structural change and is working with employers to ensure that the right skill sets are being provided to industry to continue to lift workplace productivity.”

Mr Oldershaw did remark that it is disappointing that Government is still referring to the notion of ‘phantom trainees’ being funded within the industry training system. “The ITO sector is forward looking. We all acknowledge that there have been discrepancies in the distant past in relation to funding non-existent trainees however those days are well and truly behind us. It would be refreshing if the Government could also move on from these references and focus on the value that ITOs provide within the wider vocational education and training sector.”

The Industry Training Federation is a voluntary membership organisation representing all of New Zealand's Industry TrainingOrganisations.

ENDS

© Scoop Media

 
 
 
 
 
Business Headlines | Sci-Tech Headlines

 

Fruitful Endeavours: Kiwifruit Exports Reach Record Levels

In June 2016, kiwifruit exports rose $105 million (47 percent) from June 2015 to reach $331 million, Statistics New Zealand said today. Overall, goods exports rose $109 million (2.6 percent) in June 2016 (to $4.3 billion). More>>

ALSO:

Economic Update: RBNZ Says Rate Cut Seems Likely

The Reserve Bank will likely cut interest rates further as a persistently strong kiwi dollar makes it difficult for the bank to meet its inflation target, it said. The local currency fell. More>>

ALSO:

House Price Action Plan: RBNZ Signals National Lending Restrictions

The central bank wants to cap bank lending to property investors with a deposit of less than 40 percent at 5 percent and restore the 10 percent limit for owner-occupiers wanting to take out a mortgage with a deposit of less than 20 percent, according to a consultation paper released today. More>>

ALSO:

Sparks Fly: Gordon Campbell On China Steel Dumping Allegations

No doubt, officials on the China desk at MFAT have prided themselves on fashioning a niche position for New Zealand right in between the US and China – and leveraging off both of them! Well, as the Aussies would say, of MFAT: tell ‘em they’re dreaming. More>>

ALSO:

Loan Sharks: Finance Companies Found Guilty Of Breaching Fair Trading Act

Finance companies Budget Loans and Evolution Finance, run by former 1980s corporate high-flyer Allan Hawkins, have been found guilty of 106 charges of breaching the Fair Trading Act for misleading 21 borrowers while enforcing loan contracts. More>>

ALSO:

Post Panama Papers: Govt To Adopt Shewan's Foreign Trust Recommendations

The government will adopt all of the recommendations from former PwC chairman John Shewan to increase disclosure and introduce a register for foreign trusts with new legislation to be introduced next month. More>>

ALSO:

Get More From Scoop

 
 
 
 
 
 
 
 
 
Business
Search Scoop  
 
 
Powered by Vodafone
NZ independent news