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Australian Federal Budget: support for employers

12/10/2020

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  • The Boosting Apprenticeship Commencements wage subsidy will support eligible businesses or Group Training Organisation that take on a new apprentice of trainee. Businesses that engage an Australian Apprentice between 5 October 2020 and 30 September 2021 will receive a wage subsidy of 50 per cent of the Apprentice’s wages, to a maximum of $7,000 per quarter, which will be paid quarterly in arrears. The subsidy is capped at 100,000 places and is not available for apprentices receiving other forms of Australian Government wage subsidies. For details see the Boosting Apprenticeship Commencements Factsheet.
  • The JobMaker Hiring Credit will give businesses incentives to take on additional young job seekers. From 7 October 2020, eligible employers will be able to claim $200 a week for each additional eligible employee they hire aged 16 to 29 years old; and $100 a week for each additional eligible employee aged 30 to 35 years old. New jobs created until 6 October 2021 will attract the JobMaker Hiring Credit for up to 12 months from the date the new position is created. To be eligible, the employee must have received the JobSeeker Payment, Youth Allowance (Other), or Parenting Payment for at least one of the previous three months at the time of hiring. For details see, the Jobmaker Factsheet.
  • From 1 December 2020, relocation assistance will be available to people who relocate to take up a job. Relocation Assistance to Take Up a Job of $3,000 for those moving to a capital city, and $6,000 for regional areas, will help cover costs associated with rent, travel and some employment-related expenses.  For more details, please the Relocation factsheet for employers or the Relocation factsheet for job seekers.
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