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Businesses can now get paid for hiring new workers

As part of the Federal Government’s JobMaker Plan in the 2020-21 Federal Budget to support businesses and young workers, the JobMaker Hiring Credit scheme is now open for registrations.

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Over a one-year period - 7 October 2020 to 6 October 2021 - eligible employers who can demonstrate that a new employee will increase overall employee headcount and payroll can receive:

  • $200 per week if they hire an eligible employee aged 16 to 29 years; or
  • $100 per week if they hire an eligible employee aged 30 to 35 years

For each additional new job an employer creates during the eligibility period, an employer could receive a maximum amount of $10,400 per additional new position created.

How to participate

Registrations are now open for employers, with the option to make a claim for the first JobMaker period available from 1 February.

Business looking to register can do so via the Australian Taxation Office (ATO) online services portal and the Business Portal via the myGov website.

For further information, registration details and an explanation of eligibility criteria, visit the ATO website here.

Eligibility criteria

In order for any business to be eligible for the JobMaker Hiring Credit scheme, they must first register with the ATO. From there, businesses will be required to meet all the eligibility criteria listed below:

  • The business must either:
    • operate a business in Australia
    • is a not-for-profit organisation operating in Australia
    • is a deductible gift recipient (DGR) endorsed either as a public fund or for a public fund you operated under the Overseas Aid Gift Deductibility Scheme (DGR item 9.1.1) or for developed country relief (DGR item 9.1.2)
  • Holds an Australian Business Number (ABN)
  • Is registered for Pay As You Go (PAYG) withholding
  • Has not claimed JobKeeper payments for a fortnight that started during the JobMaker period
  • Is up to date with income tax and GST returns for the two years up to the end of the JobMaker period for which they are claiming
  • Satisfies the payroll increase and the headcount increase conditions
  • Satisfies reporting requirements, including up to date Single Touch Payroll (STP) reporting
  • Does not belong to one of the ineligible employer categories

If a business has met the criteria above and is eligible to take part in the scheme, they can access the credit if the employee:

  • Are an employee of the entity during the JobMaker period
  • Are aged 16–35 years old when they started employment
  • Started employment on or after 7 October 2020 and before 7 October 2021
  • Worked or have been paid for an average of at least 20 hours per week they were employed in the JobMaker period
  • Has completed a JobMaker Hiring Credit employee notice for the employer
  • Has not already provided a JobMaker Hiring Credit employee notice to another current employer
  • Received one of the following payments for at least 28 consecutive days (or 2 fortnights) in the 84 days (or 6 fortnights) prior to starting employment
    • JobSeeker Payment
    • Parenting Payment
    • Youth Allowance (except if they were receiving the allowance because they were undertaking full-time study or are a new apprentice).

Help and support

If you would like to share your feedback with the Chamber or would like to provide input through the Victorian Chamber, please contact the Policy and Advocacy team at policy@victorianchamber.com.au

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