What is NEIS?
NEIS assists eligible job seekers who are interested in starting and running a small business with training an mentoring.
The program provides training and business set-up mentoring assistance to enable eligible unemployed people to become self supporting and independent by establishing and running their own business.
What does NEIS stand for?
NEIS stands for New Enterprise Incentive Scheme.
NEIS is part of jobactive. It is a program delivered by a network of 21 providers who provide individualised help for job seekers to become self-employed business owners.
A total of 8,600 NEIS places are available each financial year.
If a job seeker is interested in self employment, they can contact their local jobactive or Disability Employment Services provider.
If their provider considers NEIS to be an appropriate activity, they may be referred to a NEIS provider.
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NEIS training helps job seekers achieve a nationally recognised qualification for up to 13 weeks for either:
- Certificate III in Micro-Business Operations
- Certificate IV in Small Business Management
How long is the NEIS course?
A NEIS course lasts for 13 weeks. The NEIS Allowance runs for 39 weeks and the NEIS Rental Assistance runs for 26 weeks.
Job seekers participating in NEIS will receive allowance for 39 weeks of business operation. The NEIS Allowance is equivalent Newstart Allowance (equivalent to the single, 22 or over, no children rate)
The amount of NEIS Allowance that a job seeker receives will not be affected by income from their NEIS business.
Job seekers can receive income from outside their business (such as from investments or other work) while participating in NEIS. However, NEIS providers will ensure that the NEIS business is their primary, full-time activity. If a job seeker’s external income is greater than twice the basic rate of NEIS Allowance in a given financial quarter, it may affect the amount of their NEIS Allowance.
NEIS Rental Assistance
NEIS participants may also be able to receive Rental Assistance. This is a fixed rate payment for a period of 26 weeks from the date you first receive NEIS Allowance.
NEIS Business Mentoring and Support
Business mentoring and support is an essential component of the NEIS and participants will receive business mentoring during the first year of the operation of their business. NEIS business mentors are people with proven business acumen and experience. They will provide assistance and advice about organisational, financial and marketing issues to help participants to develop their business.
NEIS New Business Assistance
Individuals who are interested in running a new small business may be eligible for New Business Assistance with NEIS.
New Business Assistance can help by providing:
- Accredited small business training;
- Personalised mentoring and support from a NEIS provider in the first year of the new business to help the individual put their business idea into practice; and
- Income support for up to 39 weeks (NEIS Allowance) and NEIS Rental Assistance for up to 26 weeks (if eligible).
- accredited small business training and mentoring for up to 52 weeks
- income support for up to 39 weeks
- rental assistance for up to 26 weeks (if eligible)
- mentoring and support from a NEIS provider in the first year of the new business.