Employers can receive payments for new jobs they create for young people
The JobMaker Hiring Credit allows eligible employers to opt in to receive payments of up to $10,400 a year for employees aged 16 to 29, and up to $5,200 a year for employees aged 30 to 35.
The wage subsidy was introduced to help growth in employing young people during the COVID-19 economic recovery. It is paid directly to employers to help them with the cost of taking on new employees.
Employers can receive the wage subsidy for up to 12 months for each eligible, additional employee hired between 7 October 2020 and 6 October 2021.
ATO Deputy Commissioner James O’Halloran said eligible employers can start claiming payments in arrears every three months from 1 February 2021.
“The ATO is here to support employers and the community to easily access the Government’s JobMaker Hiring Credit. If business owners need help, they should check out our range of resources available on our website or speak to their registered tax or BAS agent,” said Mr O’Halloran.
Eligible employers need to complete three simple steps:
- register using ATO online services, Online services for business or the Business portal, or through a registered tax or BAS agent
- nominate their eligible new employees by running payroll events through their Single Touch Payroll (STP) enabled software
- claim using ATO online services, Online services for business or the Business portal, or through a registered tax or BAS agent.
For more information on eligibility, the registration and claim process and in-language materials visit ato.gov.au/JobMakerLanguages or talk to your tax agent today
Employers can receive payments for new #jobs they create for young people 👩💻 The #JobMaker Hiring Credit allows employers to opt in to receive payments of up to $10,400/yr for employees aged 16-29, & up to $5,200/yr for those aged 30-35. #TheIndianSunhttps://t.co/slgzrXfcz5
— The Indian Sun (@The_Indian_Sun) February 18, 2021