On 6 October 2020, as part of the 2020-21 Budget, the government announced a new incentive for businesses to employ additional young job seekers called the JobMaker Hiring Credit.
Eligible employers can claim JobMaker Hiring Credit payments to help with the cost of hiring additional employees. You are not required to pass the payment on to your employees.
Note however, that the eligibility criteria for employees are as follows:
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Need to be between 16-29 or 30-35 years old at the time they start employment,
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Need to have received one of these payments for at least 28 consecutive days (or 2 fortnights) in the 84 days (or 6 fortnights) prior to starting employment:
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JobSeeker Payment
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Parenting Payment
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Youth Allowance (except if you are receiving the allowance because you are undertaking full-time study or are a new apprentice),
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Have not filled in a JobMaker employee notice for another employer they are still working for.