Register for Access to JobMaker Hiring Credits before April 27
Since 7 October 2020, has your business created or does your business plan to create new positions for employees?
If so, you may be eligible for the JobMaker Hiring Credit Scheme, a business incentive introduced to encourage rates of employment in job seekers aged between 16 and 35.
If both you, as an employer, and your new employee are eligible, you can make a claim every 3 months for up to 12 months from the date a new employee starts work. However, you need to register before 27 April 2021.
What makes for an eligible employer?
To be an eligible employer, all of the following must apply:
- The employer has registered for the JobMaker Hiring Credit Scheme and is either:
- Operating a business in Australia
- Operating a not-for-profit organisation in Australia
- A deductible gift recipient (DGR) endorsed either as a public fund or for a public fund operated under the Overseas Aid Gift Deductibility Scheme or developed country relief
- The employer holds an Australian Business Number (ABN)
- The employer is registered for Pay As You Go Withholding (PAYGW)
- The employer has not claimed JobKeeper payments for a fortnight that started during the JobMaker period
- The employer is up to date with income tax and GST returns (Activity Statements) for the 2 years up to the end of the JobMaker period for which they are claiming
- The employer satisfied the payroll increase and the headcount increase conditions
- The employer satisfies reporting requirements, including up to date Single Touch Payroll (STP) Reporting
- The employer does not belong to any of the ineligible employer categories.
- The employer does not belong to any of the ineligible employer categories
What makes for an eligible employee?
To be an eligible employee, all of the following must apply:
- Aged between 16-35 years old (inclusive) when they started employment
- Started employment on or after 7 October 2020 and before 7 October 2021 (the JobMaker period)
- Worked or have been paid for an average of at least 20 hours per week during the JobMaker period
- Have completed a JobMaker Hiring Credit employee notice for the employer
- Have not already provided a JobMaker Hiring Credit employee notice to another current employer
- Received one of the following payments for at least 28 consecutive days (or 2 fortnights) in the 84 days (or 6 fortnights) prior to starting employment:
- JobSeeker Payment
- Parenting Payment
- Youth Allowance (except if they were receiving the allowance because they were undertaking full-time study or are a new apprentice).
How to Register for Access to JobMaker Hiring Credits before 27 April
If all eligibility criteria has been satisfied, you can register to access the JobMaker Hiring Credit.
To access the credit, you just need to complete these three steps:
- Register for JobMaker Hiring Credit Scheme through the ATO, Online services for business/Business portal or through your registered tax or BAS agent
- Nominate your eligible additional employees by running payroll events through your Single Touch Payroll (STP)-enabled software by 27 April 2021
- Claim payments through the ATO, Online services for business/Business portal or through your registered tax or BAS agent
To be eligible to claim for the first period of the scheme, please register before 27 April 2021. You can still register afterwards, however, will not be able to claim for the first period which runs from 1st February 2021 to 30 April 2021. See JobMaker Hiring key dates.
For more information on eligibility criteria and the registration process, please contact the team at Simmons Livingstone & Associates.