Restart is here – incentives to employ people over the age of 50
The Australian Government will be providing subsidies to businesses who employ eligible job seekers who are over the age of 50 or have been unemployed and on income support for six months or more.
Employers can receive up to $10,000 (GST inc) to assist in employing an eligible job seeker over two years. This subsidy is called Restart and will be paid in four six-monthly payments:
- $3,000 after 6 months’ employment;
- $3,000 after 12 months’ employment;
- $2,000 after 18 months’ employment; and
- $2,000 after 24 months’ employment.
Mature age job seekers employed for at least 30 hours per week will attract the full rate and eligible job seekers employed between 15-29 hours per week will receive a pro-rate subsidy.
The Restart subsidy is only available for employers who employ an eligible job seeker on or after 1 July 2014 for a minimum of 15 hours per week and not be receiving any other Government wage subsidies with the exception of the Tasmanian Jobs Programme wage subsidy.
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