Wage Subsidies

What is the Wage Subsidies?

Wage Subsidies is an initiative that provides financial incentives to employers to hire and retain eligible job seekers in ongoing and sustainable positions.

Background

Wage Subsidies are a financial incentive Providers can decide to offer to Employers to encourage them to hire eligible Participants in ongoing jobs by contributing to the initial costs of hiring a new employee. This program can help to build a business and give Employers greater flexibility in their hiring options.

Funding

The Australian Government will increase the maximum amount offered through employment services providers to $10,000 from 1 July 2021 to 31 June 2022.

Up to $10,000 (GST inclusive) is available for new employees who are:

15 to 24 years of age
Indigenous Australians
50 years of age and over

Up to $6,500 (GST inclusive) is available for new employees who are:

25 to 29 years of age
parents
registered with an employment services provider for 12 months or more

Eligible businesses can receive payments over a six-month period from employment services providers. Employers can negotiate how often payments are made, for example weekly or fortnightly.

The decision to offer a wage subsidy is at the provider’s discretion.

Eligibility

To be eligible, you must:

have an Australian business number (ABN)
hire an eligible jobseeker for an ongoing position
not be an Australian, state or territory government Agency
not have previously received a wage subsidy for the same person
offer a job that is expected to be ongoing and for an average of 20 hours per week over the 6 months of the wage subsidy agreement
offer a job that complies with employment standards for the position – for example, is suitable work and pays as a minimum the national award wage

Some jobs are not eligible, including:

work that displaces an existing employee
commission-based, subcontracting or self-employment positions and
work for an immediate family member
those that are receiving support through another Australian Government wage subsidy.

Apprenticeship and traineeship placements are also eligible for a wage subsidy along with other financial incentives available to employers under the Australian Apprenticeships Incentives Program.

Paid work trials can form part of a wage subsidy agreement, excluding those funded by the Employment Fund.

Timing

Applications open on ongoing basis.

More Information

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