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Job Accelerator Grant Scheme

Job Accelerator Grant Scheme

Job Accelerator Grant Scheme

As part of the 2016-17 State Budget, handed down on 7 July 2016, the Government has announced a Job Accelerator Grant Scheme to encourage South Australian businesses to employ additional full-time, part-time and casual employees, and maintain them for at least 12 months.

Under the Job accelerator Grant Scheme there will be two grants offered, with different eligibility requirements. These grants are listed below:

  • A Job Accelerator Grant of up to $10,000 ($5,000 a year for two years) per new Full-Time equivalent (FTE) job created. This is available for businesses liable for payroll tax in SA with total Australian wages of $5 million or less.
  •  A Job Accelerator Grant for Small Business & Start-ups of up to $4,000 ($2,000 a year for two years) per new job created is available for most businesses not liable for payroll tax. This includes businesses with Australian wages below the payroll tax free threshold (currently $600,000) and most organisations that are exempt from payroll tax (e.g. public benevolent institution).

Businesses will be eligible to receive the grant for each additional worker employed by them in a new position between 1 July 2016 and 30 June 2018. The payment will be made on the first and second anniversary date of employment.

Businesses must register a new employee within 90 days of the employee’s commencement date.

Further information about the Job Accelerator Grant Scheme may be found in the Information Circulator 95 found here.

Registrations for the Job Accelerator Grant Scheme can be made vial the following link www.revnet.sa.gov.au/grant/public/register.xhtml

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