JobMaker scheme open for business

Businesses can now register for the Federal Government’s new JobMaker Hiring Credit scheme, covering the wages of eligible workers by up to $200 a fortnight.

The wage subsidy is paid to employers who hire workers between 16 and 35-years-old who are employed on or after 7 October, 2020.

Workers between 16 and 29-years-old will be eligible for $200 a fortnight, while those between 30 and 35-years-old can receive a $100 wage subsidy via their employer.

The Australian Tax Office (ATO), who is administering the scheme on behalf of the Federal Government, is encouraging businesses to check whether they are eligible for the subsidies.

“We encourage employers to register from now to ensure their hiring credits can be paid promptly from when the first quarterly claim period opens in February 2021,” ATO Deputy Commissioner James O’Halloran says.

“Employers are reminded that new employees must have received the Parenting Payment, Youth Allowance (Other) or JobSeeker Payment for at least 28 consecutive days (or 2 fortnights) within the 84 days (or 6 fortnights) of being hired to allow for a claim to be made by the employer.

“There are some key dates to keep in mind, and simple steps employers can take now, but please remember that not everything needs to be done from next week.”

As of December 7, businesses can register for the scheme via the ATO website.

The JobMaker Hiring Credit scheme will end on 6 October, 2022.

Share This Post

You may also be interested in

Naval shipbuilding a boost to WA’s defence industry
Naval shipbuilding a boost to WA’s defence industry
The Federal Government’s commitment to ensure continuous shipbuilding in Western Australia recognises the fundamental role the State will play in Australia’s defence over the coming...
Read more »
Business Law secures gold standard QPS accreditation
Business Law secures gold standard QPS accreditation
CCIWA’s legal practice, Business Law WA, has obtained a Quality Practice Standard (QPS) accreditation for the fourth consecutive year, joining a select group of law...
Read more »
WA unemployment rises to 4.2%
WA unemployment rises to 4.2%
In further signs the labour market gradually continues to soften, jobs data released on Thursday revealed WA’s unemployment rate edged upwards to now sit at...
Read more »