The JobMaker Hiring Credit scheme gives businesses incentives to take on additional young job seekers. It is designed to support new employment and will help young people access job opportunities as the economy recovers.
Employers do not need to satisfy a fall in turnover test.
The JobMaker Hiring Credit is available to employers for each new job they create over the next 12 months for which they hire an eligible young person, aged 16 to 35 years old.
From 7 October, eligible employers will be able to claim:
- $200 a week for each additional eligible employee they hire aged 16 to 29 years old; and
- $100 a week for each additional eligible employee aged 30 to 35 years old.
New jobs created until 6 October 2021 will attract the JobMaker Hiring Credit for up to 12 months from the date the new position is created.
To be eligible, the employee must have received the JobSeeker Payment, Youth Allowance (Other), or Parenting Payment for at least 28 consecutive days within the 84 days prior to the start of employment.
The JobMaker Hiring Credit will be claimed quarterly in arrears by the employer from the ATO from 1 February 2021. Employers will need to report information about their entitlement quarterly.
For more information, use the links below to access ATO resources: