From 1 July 2021, the maximum amount offered for all wage subsidies delivered through employment services providers will be $10,000. This change will be in place until 31 June 2022.

What financial incentives are available?

Businesses may be able to get up to $10,000 (GST inclusive) when they hire an eligible new employee who is either:

– 15-24 years of age.
– An Indigenous Australian.
– 50 years of age and over.

A business may be able to get up to $6,500 (GST inclusive) when they hire an eligible new employee who is either:

– 25-29 years of age.
– A principal carer parent.
– A person registered with an employment services provider for 12 months or more.

Wage subsidies are paid by employment services providers to businesses over six months. They can set the payment schedule to suit business needs.

Can a business get a wage subsidy?

They can access a wage subsidy if they:

– Have an Australian Business number.
– Have not previously received a wage subsidy for the same person.
– Are not an Australian, state or territory government agency.
– The person hired meets the eligibility requirements for the wage subsidy.
– The position offered is expected to be ongoing and for 20 hours or more per week, averaged over the six months of the wage subsidy agreement.
– The work complies with employment standards for the position (for example, is suitable work and pays as a minimum the national award wage).

Apprenticeships and traineeships are also eligible for a wage subsidy along with other financial incentives available to employers under the Australian Apprenticeships Incentives Program.

Paid work trials can form part of a wage subsidy agreement, excluding those funded by the Employment Fund.

Employers who decide to hire an individual who has completed a National Work Experience Programme, may also be eligible for a wage subsidy.

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