New Enterprise Incentive Scheme (NEIS)
This program aims to provide job seekers with accredited small business training, business mentoring, and income support to help them turn a business idea into a viable business and help them to become a self-employed business owner. NEIS is part of jobactive and delivered by a network of 21 providers who provide individualised help for job seekers.
NEIS provides job seekers with:
- Accredited small business training and business mentoring for up to 52 weeks.
- Income support for up to 39 weeks (NEIS Allowance) and NEIS Rental Assistance for up to 26 weeks (if eligible).
- Personalised mentoring and support from a NEIS provider in the first year of the new business to help a job seeker put their business idea into practice.
A total of 8,600 NEIS places are available nationally each year.
As announced in the 2016-17 Federal Budget, the government will provide an additional $88.6 million over four years from 2016-17 to expand the this program and to support self-employment opportunities for young people.
Who Can Apply
Eligible applicants include jobseekers who:
- Are at least 18 years of age at the time of commencing in NEIS Assistance.
- Not prohibited by law from working in Australia.
- Are available to participate in NEIS Training (if relevant) and work full time in their proposed NEIS Business.
- Have not received NEIS Assistance in the previous three years.
- Are not an undischarged bankrupt.
If a job seeker is eligible, their NEIS provider will assess the business idea to make sure it meets the business eligibility criteria. This means the proposed NEIS business:
- Cannot already be operating on a commercial basis.
- Will have an independent structure.
- Is lawful and capable of withstanding public scrutiny.
- Has been assessed as commercially viable by the NEIS provider.
- Will not compete directly with existing businesses unless it can be demonstrated that there is an unsatisfied demand for the product or service, or the product or service is to be provided in a new way.
- Will be established, located and operated solely within Australia.
- Will be structured so the job seeker has and will maintain a controlling interest over the NEIS business for the duration of the job seeker’s time in NEIS.
- Will not be a not-for-profit business.
Eligible participants are required to undertake NEIS training and operate their NEIS business in accordance with their NEIS Business Plan, and meet all the terms of their NEIS Participant Agreement.
Please review the Fact Sheet for the specific activities of each assistance provided by the program.
|Fact Sheet ||February 2017||Download
|Use these documents as a guide only - always get the latest direct from the Administrator
This program is open on an ongoing basis.
Mentoring and Support
|Total Funding Pool
General - Non-Industry Specific
Start-up / Establishment
Training / Employment
Department of Employment
Department of Employment