Release type: Media Release

Date:

2020 Summit: Golden Gurus

Ministers:

The Hon Julia Gillard MP
Minister for Education. Minister for Employment and Workplace Relations
Minister for Social Inclusion
Deputy Prime Minister

The Government will commit $400,000 to the Golden Gurus program which will encourage existing mentoring schemes that connect skilled mature age people to mentoring opportunities.

The Golden Gurus program will strengthen existing mentoring activities in states and territories and will extend the Golden Gurus concept to provide mentoring services outside of the voluntary sector, with a particular emphasis on small business.

A key component of the program will be its connection to the Australian Government's New Enterprise Incentive Scheme (NEIS).

The program will create opportunities for skilled retirees to mentor new small business owners transitioning from the NEIS program to independence.

The Golden Gurus community will be promoted nationally including through a website.

The program aims to boost small business demand for mentors and encourage more mature age people to get involved, including as trained ambassadors for the program.

By 2020, around half of Australia’s current workforce will have retired and many more will be semi-retired or working less than full time.

The national Golden Gurus program will strengthen opportunities for skilled Australians over the age of 55 to provide mentoring support to businesses and the community.

The program will benefit not only the community and the economy, but it will provide a rewarding experience for mature age mentors who are retired, semi-retired or not working full time.