Administered by ATO, JobMaker Hiring Credit is another government initiative to boost employment and business recovery. In simple terms, businesses get a rebate from ATO if they hire new employees under the same strict conditions. The registration for this credit started in December 2020. First claim can be made anytime from 1st Feb 2021 up until 30th April 2021.
Often as the case is, any initiative from the government tends to come with elaborate conditions. This one is not an exception either. Those who have had experience with JobKeeper payments will resonate with what JobMaker requirements could mean.
For now, we will try to keep it simple.
For now, we will try to keep it simple.
What do we get?
The JobMaker Hiring Credit is claimable at the following rates
Age of Eligible Employee (at commencement of employment) | JobMaker Hiring Credit |
---|---|
16 to 29 year old | $200 per week |
30 to 35 years old | $100 per week |
Credit can be claimed for eligible employee for a maximum of 12 months.
Who do we get it for?
We can claim JobMaker Credit for an eligible employee, being an employee;
The last eligibility criteria seems to be the hardest to comply. While it might be against Fair Work laws for you to ask at the time of recruitment, post start of employment we would need to go back to them to confirm if they tick this criteria off. Appropriate declarations will be required.
How do we qualify for the payment?
The payment as well as qualification criteria runs over 8 payment periods, per below (called the JobMaker periods);
JobMaker Period | Start Date | End Date |
---|---|---|
1 | 7 October 2020 | 6 January 2021 |
2 | 7 January 2021 | 6 April 2021 |
3 | 7 April 2021 | 6 July 2021 |
4 | 7 July 2021 | 6 October 2021 |
5 | 7 October 2021 | 6 January 2022 |
6 | 7 January 2022 | 6 April 2022 |
7 | 7 April 2022 | 6 July 2022 |
8 | 7 July 2022 | 6 October 2022 |
We can claim JobMaker Hiring Credits for eligible employees for the period in which we;
Again, it is the last eligibility criteria for employers which would be the hardest to get. We achieve this criteria if, in simplistic terms (for the first 4 claim periods);
Criteria gets more convoluted for the last four periods (leading into 2022).
Where to from here?
If you believe you have hired new eligible employees in the first or second JobMaker period (per table above) and at least meet the headcount criteria for employers, please get in touch with us. We will then go through in detail other criteria and complete the process of registration and claim. Timeframes are;
JobMaker Period | STP JobMaker Reporting Deadline | |
---|---|---|
1 | 7 October 2020 to 6 January 2021 | 27 April 2021 |
2 | 7 January 2021 to 6 April 2021 | 28 July 2021 |
3 | 7 April 2021 to 6 July 2021 | 28 October 2021 |
4 | 7 July 2021 to 6 October 2021 | 28 January 2022 |
5 | 7 October 2021 to 6 January 2022 | 27 April 2022 |
6 | 7 January 2022 to 6 April 2022 | 28 July 2022 |
7 | 7 April 2022 to 6 July 2022 | 28 October 2022 |
8 | 7 July 2022 to 6 October 2022 | 28 January 2023 |
While the rules provide extended timeframes for each JobMaker period claim, it is recommended that you act early, if you think you are eligible, as the groundwork and paperwork will take time to establish.
Join MGAA's Community