none

Govt must invest in trade training

10-05-2011
by 
in 

Australia is faced with a skills shortage and will miss out on cashing in on the resources boom if the federal government doesn't invest in trade training, says the chair of Skills Australia.

Phillip Bullock, who heads the independent advisory body, said 12 million new workers had to be trained before the end of 2025 to meet growing demand.

"If we continue with current levels of investment there's a high chance we will not meet demands (of the) growth in the economy," he said at the launch of the Skills for Prosperity report in Sydney recently.

"Without significant reform, we risk missing out on many of the opportunities presented by the resources boom and face the prospect of becoming less competitive in the global economy."

The report, the most comprehensive review of the vocational education and training system in two decades, recommends increasing subsidies, extending scholarships and establishing a workforce development program to improve the skills of trainers.

All vocational courses up to certificate III would be fully subsidised under recommendations in the report.

For Certificate IV and above, the report recommended a partial public subsidy, with co-funding between individuals and governments, supported through an income contingent loan.

The report said the sweeping overhaul was "vital to future growth and prosperity" and would cost $12 billion over the next eight years.

Federal Workplace Relations Minister Chris Evans, in Sydney for the report's launch, said the government was determined to deliver reforms.

"We need to give every Australian every opportunity to get the training they need to access higher skilled and well paid jobs," Senator Evans said.

"Building a responsive training system is vital if Australia is to achieve a globally competitive edge."

Related news & editorials

  1. 18.04.2019
    18.04.2019
    by      In
    For many years, Mouser Electronics has been a major supporter of FIRST (For Inspiration and Recognition of Science and Technology), the world’s leading non-profit advancing science, technology, engineering and mathematics (STEM) among schoolchildren.
    This year, nearly 100,000 students on 3790 teams... Read More
  2. 18.04.2019
    18.04.2019
    by      In
    Swinburne University of Technology has received a grant of more than $990,000 to deliver nine research projects focused on boosting innovation, skills and employment in Australia’s automotive industry.
    The funding is part of the Federal Government’s Automotive Engineering Graduate Program, designed... Read More
  3. 09.04.2019
    09.04.2019
    by      In
    107 post-graduate engineers will be placed in industry-based automotive projects as the result of $5m in grants from the Federal Government.
    The Automotive Engineering Graduate Program will deliver 10 grants of between $280,000 and $990,000 to seven universities in Victoria, Western Australia and... Read More
  4. 09.04.2019
    09.04.2019
    by      In
    Ahead of the coming federal election, Ai Group is releasing a series of policy papers on issues of importance to business and the community, including skills, education and training priorities.
    “Education and training plays a critical role in the economy and the broader community both in addressing... Read More