Finance News
Jobmaker registrations now open
10 Dec 2020

The ATO has announced that registrations are now open for the JobMaker scheme. This scheme pays eligible employees $200 per week for eligible employees aged between 16 to 29 years and $100 per week for eligible employees aged between 30 and 35 years.

The scheme operates for 12 months until 7 October 2021 and will be claimable each quarter in arrears starting in February 2021.

The main requirements for an eligible employee are: –

  • They must be a new employee of the business who was hired after 7 October 2020;
  • They must have been in receipt of one of JobSeeker, Youth Allowance or Parenting Payment for one of the three months prior to being employed; and
  • They work on average at least 20 hours per week.

The main requirement for an employer other than being registered for the scheme is that they cannot also be receipt of any JobKeeper payments for the period they are claiming JobMaker. As such, many businesses may have employed new staff after 7 October but will need to wait until their JobKeeper payments end (i.e. end of December or end of March) before making any applications under this new scheme.

If you have any queries regarding JobMaker, please do not hesitate to contact us.

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