JobMaker Explained

Business News

JobMaker is a credit available to eligible businesses and non-profit entities that create new jobs – but not if you are merely replacing someone who left.

Additionally, the hiring credit is available for jobs created from 7 October 2020 until 6 October 2021 and provides:

  • $200 per week for new employees between 16 to 29 years of age;
  • $100 per week for new employees between 30 to 35 years of age.

The credit is an incentive for the employer to support wage costs and is not passed onto the employee.

Unlike JobKeeper, JobMaker can apply to new businesses, and the company does not need to satisfy a decline in turnover test to receive payments.

However, a series of people are excluded from the JobMaker scheme, including employers receiving JobKeeper, employees receiving an apprentice wage subsidy, and close associates of the business, including some relatives of the business owners.

To be eligible, the employee also must have received the JobSeeker Payment, Youth Allowance (Other), or Parenting Payment for at least 28 consecutive days within the 84 days prior to the start of employment.

We have put together a free PDF with all the details, which you can download here.