The JobMaker hiring credit announced in the 2020-21 Budget provides incentives for businesses to employ additional young job seekers.
The JobMaker Hiring Credit will be available to eligible employers over 12 months from 7 October 2020 for each additional new job they create for an eligible employee, with a maximum amount of $10,400 per additional new position created.
Eligible employers who can demonstrate that the new employee will increase overall employee headcount and payroll will receive $200 per week if they hire an eligible employee aged 16–29 years or $100 per week if they hire an eligible employee aged 30–35 years.
To be eligible, the employee will need to have worked for a minimum of 20 hours per week, averaged over a quarter, and received the JobSeeker Payment, Youth Allowance (other) or Parenting Payment for at least one month out of the three months prior to when they are hired.
For more information please contact your Client Relationship Manager.