Jobs Action Plan Rebate Scheme – Payroll Tax
This program aims to provide New South Wales (NSW) businesses with a payroll tax rebate when they employ new workers in new eligible employment.
This scheme has been extended to 30 June 2019 and the rebate increased from $4,000 to $5,000 for new jobs created after 1 July 2013. The rebate applies to the employment of an additional employee in a new job and will be paid in two parts:
- $2,000 will be paid at the end of the first year of employment.
- $3,000 will be paid at the end of the second year of employment.
For part-time employees, the rebate will be pro-rated based on full time equivalent hours of employment.
As announced in the 2016-17 State Budget, the government has committed to provide $344 million new funding to support the Jobs Action Plan Payroll Tax Rebate and Small Business Employment Incentive Scheme. This is part of the government's commitment to provide $588 million for tax revenue administration, fines management and debt management.
Furthermore, the scheme will be restructured from 31 July 2016, to focus on businesses with 50 or fewer full time equivalent employees and with the payroll tax rebate increased from $5,000 to $6,000. New jobs commencing on or after 31 July 2016 will receive a rebate of $2,000 payable on the first anniversary and $4,000 on the second anniversary.
Who Can Apply
Eligible applicants must be registered as an employer and paying payroll tax under the Payroll Tax Act 2007. Employers are required to register the employment of a person in a position that is a new job and advise the number of FTE employees immediately before the position was filled.
Registration may be made:
- By an employer who is registered and paying payroll tax.
- Within 30 days after the employment to which the application relates first commences.
Eligible employment must:
- Be a person employed, full-time or part-time, in a position that is a new job.
- Commence on or after 1 July 2011.
- Be maintained for a period of at least two years.
- Be performed wholly or mainly in NSW.
- Not be excluded from the rebate scheme.
A new job is created if the number of the full-time equivalent (FTE) employees increases and that FTE is maintained over a two year period from the creation of the new position.
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17 June 2011
36 months to go
30 June 2019
This program is open on an ongoing basis until 30 June 2019.
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