Eligible employers are now able to register for the new JobMaker Hiring Credit scheme, being administered by the Australian Taxation Office (ATO) on behalf of the Government.
The JobMaker Hiring Credit payment is a wage subsidy paid directly to employers that will help to accelerate growth in the employment of young people during the COVID-19 economic recovery. The scheme is an incentive for businesses to employ additional job seekers aged 16 to 35 years.
Eligible employers can access the payment for up to 12 months for each eligible additional employee they hire between 7 October 2020 and 6 October 2021. They will be able to claim up to $200 a week for each additional eligible employee they hire aged 16 to 29 years, and up to $100 a week for those aged 30 to 35 years.
This means that an employer will be eligible for up to a total of $10,400 over the year for each eligible employee aged 16 to 29 years or $5,200 if aged 30 to 35 years.
National Retail Association CEO Dominique Lamb said measures aimed at encouraging business investment had been items long advocated for by the NRA.
“We support the wage subsidy for any business that employs a worker aged below 35 who is currently on JobSeeker. Not only will this help get people back into work, it will also ensure that businesses are adequately staffed while they navigate the first COVID-normal Christmas.”
Find out more about the JobMaker Hiring Credit
6 December 2020 – registrations open
1 February 2021 – first claim period opens
You can claim JobMaker Hiring Credit payments from 1 February 2021 as long as you have registered and met the other eligibility requirements (including reporting through Single Touch Payroll).
30 April 2021 – first claim period closes
You can only claim JobMaker Hiring Credit for the first JobMaker period until the end of 30 April 2021. You must claim by the end of the claim period to receive JobMaker Hiring Credit for that period.
6 October 2022 – scheme ends
The JobMaker Hiring Credit scheme will end on 6 October 2022.