Newsletter; State Budgets & JobMaker
SA State Budget
Businesses eligible for the JobKeeper extension were also provided with additional grants:
- $10,000 for eligible businesses that employ staff; or
- $3,000 for eligible businesses that do not employ staff (but operate from a commercial business).
One of the key eligibility criteria is that the business must have a turnover over $75,000.
NSW State Budget
A $1,500 digital voucher for the cost of government fees and charges for businesses who do not pay payroll tax was announced but further details have not yet been provided.
Victoria State Budget
A $1,200 reimbursement for adopting digital products and tools (there are currently only six suppliers that include MYOB & Xero).
Additional grants were provided to businesses in specific industries that had to stay closed or operated under restrictions.
From 1 January 2021, a 50% stamp duty concession will apply to any contracts for commercial or industrial property in regional Victoria.
Businesses no longer eligible for JobKeeper can register any new employee for JobMaker who:
- is employed between 7 October 2020 and 7 October 2021;
- is aged 16 to 35 on the date of employment;
- received Parenting Payment, Youth Allowance or JobSeeker (for at least two consecutive fortnights in the six fortnights prior to starting employment).
If the employee is paid a minimum twenty hours per week then the employer will receive either $200 a week (for employees aged 16 to 29) or $100 a week (for employees aged 30 to 35).
The total number of employees and payroll cost must have increased from 30 September.
You can register any time from December 6 but cannot claim until February 1 (after the first three month period, being October 7 to January 6).