Expanded Job Accelerator Grant Scheme
Businesses that register a new employee for a Job Accelerator Grant will receive an extra $5,000 if the person employed is an apprentice or trainee. The expanded scheme means businesses with payrolls between $600,000 and $5 million will receive up to $15,000 for each apprentice or trainee above current staffing levels, while small businesses with payrolls up to $600,000 will receive up to $9,000.
The Job Accelerator Grant scheme was announced as part of the 2016-17 State Budget and almost 10,000 positions have been registered for the scheme that offers a grant of up to $10,000 over two years for each new full-time equivalent job created. It also helps small businesses with payrolls less than $600,000 by providing a grant of up to $4,000 over two years for each new job of 22 hours or more per week.
For both grants the new staff member must be employed for at least 12 months, with the first half of the grant paid on the first anniversary date of employment, and the second grant paid on the second anniversary date.
Both levels of grants will continue to be offered under the same conditions, with an extra $5,000 available if the new staff member is an apprentice or trainee.
Businesses must register an additional employee within 90 days of the employee’s commencement date. There is no limit to the number of times a business can access the grants. The new grant for apprentices and trainees will be backdated to July 2016, meaning businesses that have already hired a new apprentice or trainee and registered them for a Job Accelerator Grant will be eligible for the increased payment.
Businesses can register here.