On 6 October 2020 as part of the 2020–21 Budget, the government announced a new incentive for businesses to employ additional young job seekers called the JobMaker Hiring Credit. The JobMaker Hiring Credit will be administered by the ATO.
Eligible employers will have access to a JobMaker Hiring Credit for each new job they create over the 12 months from 7 October 2020, for which they hire an eligible employee, for a maximum claim period of 12 months from their employment start date.
The JobMaker Hiring Credit will be:
~ $200 per week for each eligible employee aged 16 to 29
~ $100 per week for each eligible employee aged 30 to 35.
For the employer to be eligible, new employees must:
~ be aged 16 to 35 years
~ be in receipt of income support payments (such as JobSeeker Payment, Youth Allowance (Other), or Parenting Payment) for at least one of the three months before they were hired.
To learn more about this incentive and how your business can participate contact us for more information.