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Receive up to $10,400 over a year for each new employee

Eligible employers could receive payments of up to $10,400 over a year for each eligible additional employee they hire as part of the Government’s JobMaker Hiring Credit scheme.

Young people have been disproportionally affected by COVID-19. The JobMaker Hiring Credit is giving businesses and young people impacted by COVID-19 a helping hand.

Eligible employers can receive payments for each eligible additional employee they hire between 7 October 2020 and 6 October 2021 of:

• up to $10,400 over a year for each one aged 16 to 29, and
• up to $5,200 over a year for each one aged 30 to 35.

ATO Deputy Commissioner James O’Halloran said eligible employers can start claiming payments in arrears every three months from 1 February 2021 for up to 12 months for each additional eligible employee.

“The ATO is here to support employers access the Government’s JobMaker Hiring Credit. If business owners need help, they should check out the range of resources available on our website, or speak to their registered tax or BAS agent,” said Mr O’Halloran.

“I encourage business owners to check their eligibility by visiting www.ato.gov.au/JobMakerHiringCredit Employers only need to complete three simple steps to receive the JobMaker Hiring Credit payments.”

Eligible employers need to:
• register using ATO online services, Online services for business or the Business portal, or through a registered tax or BAS agent
• nominate their eligible new employees by having your employees complete a JobMaker employee notice, running payroll events and supplying the required additional information through their Single Touch Payroll enabled software
• claim using ATO online services, Online services for business or the Business portal, or through a registered tax or BAS agent.

Mr O’Halloran said the benefits for business are two-fold. Not only will the business receive stimulus support in response to the COVID-19 pandemic, they will also support a young person’s career.

“Helping young people who are unemployed secure jobs now will build their skills, improve their career prospects over their lifetime and support Australia’s economic recovery. The ATO is proud to be involved in facilitating the JobMaker Hiring Credit on behalf of the Government,” said Mr O’Halloran.

Employers can check the JobMaker Hiring Credit payment estimator to find how much they may receive: https://www.ato.gov.au/Calculators-and-tools/JobMaker-Hiring-Credit-payment-estimator/

Key dates to remember
• The JobMaker Hiring Credit scheme started on 7 October 2020.
• Employers may be able to claim for employees hired between 7 October 2020 and 6 October 2021.
• Employers can register through ATO online services, Online services for business, the Business Portal or your registered tax or BAS agent.
• Claims for the first JobMaker period payment opened on 1 February 2021 and close on 30 April 2021.
• The JobMaker Hiring Credit scheme will end on 6 October 2022.
Further information and support
More information on the JobMaker Hiring Credit scheme is available from our website at www.ato.gov.au/JobMakerHiringCredit
If you are an individual, sole trader, small or medium business and you are having difficulty meeting your tax and super obligations because of COVID-19, contact the ATO’s Emergency Support Infoline on 1800 806 218 to discuss tailored support options.

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