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Government Stimulus: Jobmaker Hiring Credit for Eligible Businesses and Non-Profit Entities – Must Register with ATO by 30 April 2021

To our valued clients

The government has announced a further stimulus measure – the JobMaker Hiring Credit.

JobMaker is a credit available to eligible businesses and non-profit entities that create new jobs (not if you are merely replacing someone who left). The hiring credit is available for jobs created from 7 October 2020 until 6 October 2021 and provides:

  • $200 per week for new employees between 16 to 29 years of age; and
  • $100 per week for new employees between 30 to 35 years of age.

Administered by the ATO, JobMaker is a credit that is paid quarterly in arrears from the start date of the employee for 12 months, assuming the business and employee remains eligible.

The credit is an incentive for the employer to support wage costs and is not passed onto the employee.

Unlike JobKeeper, JobMaker can apply to new businesses and the business does not need to satisfy a decline in turnover test to receive payments.

A series of people are excluded from the JobMaker scheme including employers receiving JobKeeper, employees receiving an apprentice wage subsidy, and close associates of the business including some relatives of the business owners.

The first claim period is 7th October 2020 to 6 January 2021 so if you want to claim for this period you need to be registered with the ATO by the 30 April 2021.

Please access our comprehensive guide by clicking here.

If you have any questions or require any assistance with this measure please do not hesitate to contact our team on 07 3245 9966.

Regards

Carmine, Drue and the 4Front Team

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