Salon owners that are increasing both their headcount and payroll can receive up to $10,400 per year for each new job they fill with an eligible employee aged 16 to 29 years, and $5,200 for each eligible employee aged 30 to 35 years.
To be eligible new employees must:
- be 16 to 35 years old
- commence employment between 7 October 2020 and 6 October 2021
- work or be paid for an average of at least 20 paid hours per week during the reporting period, and
- have received the JobSeeker Payment, Parenting Payment or Youth Allowance (except if they are receiving the allowance because they are undertaking full-time study or are a new apprentice) for at least 28 consecutive days (or 2 fortnights) in the 84 days (or 6 fortnights) prior to starting employment.
Deputy Commissioner James O’Halloran said that employers do not need to satisfy a turnover test for their business and the three-step process to access the credit is straightforward.
“The first step for a business is to register. From here, the second step is to nominate their new employees and the third is to make a claim.
“I also encourage employers who need advice to contact their tax or BAS agent, or check out the resources available on our website,” said Mr O’Halloran.
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