I’m having trouble keeping up with all of the wage subsidy schemes such as DES, older workers, etc and of course JobKeeper and changes to the dole (JobSeeker).
Now we have JobMaker.
The Government wants to get the economy making jobs for young people who are out of work and on welfare.
The JobMaker payment – called a hiring credit – goes to businesses creating the jobs, not to the young people getting them.
Businesses will get $200 a week for each new employee aged between 16 and 29.
For new eligible employees aged 30 to 35, they’ll get $100 a week. Why the difference? Beats me. Young people have certainly been hit hard though.
The main requirement for the new employees is that they must have been receiving one of these three forms of welfare in the three months before they were hired: JobSeeker, Youth Allowance and the Parenting Payment.
They must also be working at least 20 hours a week on average in their new job. They can’t be claiming JobKeeper if they want to take part in JobMaker.
That really narrows it down. There also needs to be a job.
The Federal Government reckons about 450,000 jobs will be supported under the scheme.
Businesses do not need to have suffered a fall in turnover to be eligible for the scheme. But the new jobs must be additional — that is, the total employee headcount must have gone up at the business.
To be eligible for the new scheme, the new jobs must be created between October 7, 2020 and October 6, 2021. The scheme will end October 6, 2022).
Employers will be able to register for the scheme from December 7, 2020, via the ATO website.
Let the rorting begin.
For more details got to: https://budget.gov.au/2020-21/content/jobmaker.htm