Wage subsidy boost for employers hiring Australians aged 50+

Employers will receive up to A$10k (£5.6k) in Australian government assistance if they hire a jobseeker aged 50 or older under an enhanced wage-subsidy programme announced in the 2014-15 budget.
Wed, 14 May 2014
Employers will receive up to A$10k (£5.6k) in Australian government assistance if they hire a jobseeker aged 50 or older under an enhanced wage-subsidy programme announced in the 2014-15 budget.

The new Restart programme, which starts on 1 July and is worth A$524.8m over four years, more than triples the previous incentive payment.

Eligible employers will receive A$3k if they hire a full-time, mature-age jobseeker who was previously unemployed for a minimum of six months and employ that person for at least six months.

Once that jobseeker has been working for the same employer for 12 months, the employer will receive another payment of A$3k. The employer will then receive a further A$2k once the same jobseeker has been with them for 18 months, and A$2k again at 24 months.

To be eligible for Restart, employers will need to demonstrate that the job they are offering is sustainable and ongoing, and that they are not displacing existing workers with subsidised jobseekers.

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