JobMaker Hiring Credit
The JobMaker Hiring credit has been introduced as an incentive for businesses to employ additional young job seekers aged 16-35 years. Employers can claim up to $200 per week for hiring new employees, for a maximum claim period of 12 months from their employment commencement date.
Eligible employers:
Operate a business in Australia
Hold an active ABN
Are registered for PAYG Withholding
Total headcount of employees has increased compared to the headcount from 30 September 2020 (difference reference period applies for the last 4 JobMaker periods)
Payroll for the JobMaker period has increased compared to the 3 months up to 6 October 2020
Eligible employees are:
Non-related to the employer
Not a business participant (sole trader, trustees and beneficiaries of a trust, director or shareholder)
Are first employed by the business between 7 October 2020 and 7 October 2021
Not previously engaged as a contractor or subcontractor
Aged between 16 and 35 years old when starting employment
Work an average of 20 hours paid hours per week in the JobMaker period
Received one of the following payments for at least 28 consecutive days in the 84 days (or 6 fortnights) prior to starting employment:
Jobseeker
Parenting Payment
Youth Allowance
Complete and provide a JobMaker Hiring Credit notice to the employer
Have not supplied a JobMaker Hiring Credit notice to another employer.
Through the JobMaker Hiring Credit scheme, eligible employers may receive payments of up to:
$200 a week – for each eligible additional employee aged 16 to 29 years old inclusive.
$100 a week – for each eligible additional employee aged 30 to 35 years old inclusive.
Claims can be made through your tax agent or BAS agent (additional information will need to be supplied to your agent in order to claim the credits).
More information can be found using this link.