JobMaker Hiring Credit Scheme
To encourage employers to create new jobs for young job seekers aged 16 to 35 years, the Federal Government has legislated the JobMaker Hiring Credit scheme. Under the scheme, eligible employers will be provided with a weekly incentive payment of $200 (for employees aged 16-29 years old) or $100 (for employees aged 30 to 35 years old) for each eligible employee for up to 12 months.
You should consider the application of this scheme if you are an employer who has had a net increase in headcount (since 30 September 2020) and payroll (since the 3 months ended 6 October 2020). The rules are complex, but described in our latest client alert linked below.
Registration for this scheme opened 6 December 2020 and can be done in either the Business Portal or ATO online services. We can also assist you with this under the Tax Agent Portal. The first claim period for the period from 7 October 2020 to 6 January 2021 opens 1 February 2021 and finishes 30 April 2021. You cannot make a claim after this time.