Jobmaker Hiring Credit

The JobMaker Hiring Credit has become law and employees hired after 7th of October 2020 may be eligible.

The benefits will be:

  • $200 per week for each eligible employee aged 16 to 29
  • $100 per week for each eligible employee aged 30 to 35.

For the employer to be eligible, new employees must:

  • Eligible employees must have worked an average of at least 20 hours per week over the quarter for the employer to qualify for the payment
  • be aged 16 to 35 years
  • be in receipt of income support payments (such as JobSeeker Payment, Youth Allowance (Other), or Parenting Payment) for at least one of the three months before they were hired.
  • Employers will register with ATO and make claims quarterly, with claims commencing in February 2021
  • hold an Australian Business number (ABN)
  • be up-to-date with their tax lodgement obligations
  • be registered for Pay As You Go (PAYG) withholding
  • be reporting through Single touch payroll (STP).
  • Further eligibility conditions will apply to employers based on the employer’s headcount and payroll on 30 September 2020.
  • These conditions ensure that employers claim credits for additional jobs created rather than for replacing existing employees.
Further Information, criteria and codintions – see ATO fact sheet and link to Legislation.
To see how we can help you maximise your claim, call us on 08 8346 6644.