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JobMaker kicks off to aid young Aussies into work

  • February 03 2021
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JobMaker kicks off to aid young Aussies into work

By Cameron Micallef
February 03 2021

To aid young Aussies that have been disproportionally affected by COVID-19, employers are being offered payments of up to $10,400 over a year for each eligible employee they hire as part of the government’s JobMaker scheme.

JobMaker kicks off to aid young Aussies into work

JobMaker kicks off to aid young Aussies into work

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  • February 03 2021
  • Share

To aid young Aussies that have been disproportionally affected by COVID-19, employers are being offered payments of up to $10,400 over a year for each eligible employee they hire as part of the government’s JobMaker scheme.

JobMaker kicks off to aid young Aussies into work

The ATO has issued a notice to employers, reminding them that they might be eligible for up to $10,400 for each eligible additional employee they hire under the JobMaker Hiring Credit.

As a successor to JobKeeper, JobMaker is expected to give Aussie businesses and young people impacted by COVID-19 a helping hand once other stimulus measures have been wound down.

In the notice published by the ATO on Tuesday, Deputy Commissioner James O’Halloran said eligible employers can start claiming payments in arrears every three months from 1 February 2021, for up to 12 months, for each additional eligible employee.

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“The ATO is here to support employers accessing the government’s JobMaker Hiring Credit.

“If business owners need help, they should check out the range of resources available on our website, or speak to their registered tax or BAS agent,” said Mr O’Halloran.

Eligible employers can receive payments for each eligible additional employee they hire between 7 October 2020 and 6 October 2021 of:

  • up to $10,400 over a year for each one aged 16 to 29, and
  • up to $5,200 over a year for each one aged 30 to 35.

Mr O’Halloran said the benefits for business are two-fold. Not only will the business receive stimulus support in response to the COVID-19 pandemic, they will also support a young person’s career.

“Helping young people who are unemployed secure jobs now will build their skills, improve their career prospects over their lifetime and support Australia’s economic recovery. The ATO is proud to be involved in facilitating the JobMaker Hiring Credit on behalf of the government,” said Mr O’Halloran.

JobMaker kicks off to aid young Aussies into work
JobMaker kicks off to aid young Aussies into work
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About the author

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Cameron is a journalist for Momentum Media's nestegg and Smart Property Investment. He enjoys giving Aussies practical financial tips and tricks to help grow their wealth and achieve financial independence. As a self-confessed finance nerd, Cameron enjoys chatting with industry experts and commentators to leverage their insights to grow your portfolio.

About the author

author image
Cameron Micallef

Cameron is a journalist for Momentum Media's nestegg and Smart Property Investment. He enjoys giving Aussies practical financial tips and tricks to help grow their wealth and achieve financial independence. As a self-confessed finance nerd, Cameron enjoys chatting with industry experts and commentators to leverage their insights to grow your portfolio.

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