The government recently announced a new incentive called JobMaker Hiring Credit. A description of the new incentive can be seen below:
” 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 is administered by the ATO.
Eligible employers can access to the JobMaker Hiring Credit scheme for eligible additional employees they hire between 7 October 2020 and 6 October 2021, for a maximum claim period of 12 months from their employment commencement date.
Through the JobMaker Hiring Credit scheme, eligible employers may receive payments of up to:
- $200 per week for each eligible additional employee aged 16–29 years old inclusive.
- $100 per week for each eligible additional employee aged 30–35 years old inclusive.
Employers can register with us now and make a claim for the first JobMaker period from 1 February 2021. “
Further details on the ATO website.
Please contact our office if you have any queries!