JobMaker is an additional incentive which was announced in the October Federal Budget. Employers will be paid a generous incentive which take on additional young employees between October 2020 and October 2021.
JobMaker payments will be paid quarterly and will start from February.
Payments will made for up to 12 months from an employee’s start date. This means entitlements run through to September 2022 for those employees employed as late as September 2021.
Registrations opened on 7th December and you need to be registered by 30th April. Those employers who would have been entitled to claim JobMaker will miss out on 3 months of payments if not registered by then. That could be as much as $2,600 per qualifying employee!
Registered employers will receive:-
$200 per week for each eligible employee aged between 16 and 29
$100 per week for each eligible employee aged between 29 and 35
JobMaker is not available to employers who are receiving JobKeeper.
To qualify, employers must:-
Have an ABN
Up to date with tax lodgements
Registered for PAYG WH
Be reporting through Single Touch Payroll
Have employed an additional employee – and not just replaced one employee with another
- Had an increase in the payroll amount.
Qualifying employees must have been in receipt of JobSeeker, Youth Allowance or Parenting Payment for at least one month of the three months preceding their being employed. They must also have worked an average of 20 hours per week.
There are many other criteria and considerations. Please fill in the contact form if you would like a copy of our JobMaker white paper.
We welcome any questions you may have.
And like JobKeeper you have to register to receive anything so don’t let this opportunity, or moreover the money, pass you by.
At MRS, we will spend today planning for your success.