The JobMaker Hiring Credit is now law.
Registrations for the JobMaker Hiring Credit are now open. Eligible employers will receive payments of up to:
- $200 a week – for each eligible employee aged 16 to 29 years old
- $100 a week – for each eligible employee aged 30 to 35 years old.
Organisations can receive payments for new positions they create between 7 October 2020 and 6 October 2021, provided both the employer and employee meet eligibility criteria. The positions themselves must meet the additionality criteria, which require an increase in both the organisation’s:
- total employee headcount (minimum of one additional employee) from the reference date of 30 September 2020
- payroll for the reporting period, compared to the three months to 6 October 2020.
The amount of JobMaker Hiring Credit claimed cannot exceed the amount by which an organisation’s payroll increases for the reporting period.
Employers cannot receive the JobMaker Hiring Credit and JobKeeper payments at the same time.
Where all employer and employee eligibility criteria are met, new employees taken on until 6 October 2021 will attract the JobMaker Hiring Credit for up to 12 months from their employment start date.
Employers will be able to nominate new employees or update their details through Single Touch Payroll-enabled software. They can then make a claim every three months from 1 February 2021.
Employers can register for the JobMaker Hiring Credit using ATO online services or the Business Portal, or through their registered tax or BAS agent, at any time until the program closes.
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