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What Is The Job Accelerator Grant Scheme?


In an effort to create a number of new jobs, the South Australian government has included the new Job Accelerator Grant Scheme into the recent budget.

In an effort to create a number of new jobs, the South Australian government has included the new Job Accelerator Grant Scheme into the recent budget.

In a nutshell, this plan provides incentive to business owners of all types to take on more full-time, part-time and casual employees. The employer is expected to keep these new employees on for at least a year.

You're probably wondering what this grant scheme means for your business.

Specifications and Qualifications

The South Australian (SA) Government provides this grant of up to $10,000 ($5,000 is paid out for each of the two years) for each full-time equivalent job (FTE) created. This is very helpful to businesses that are liable for payroll tax and have a total Australian wages of less than five million dollars.

How about the small businesses?

The Job Accelerator Grant is also available to smaller businesses. This particular application of the scheme is called the Job Accelerator Grant for Small Business & Start-Ups. A total of $4,000 can be provided to a business for each new job created. That's $2,000 for each year.

This modified version of the Job Accelerator Grant Scheme lets the businesses that are not liable for payroll tax enjoy similar benefits. Non-profit organisations and charities are automatically exempt from the tax, but still qualify. Businesses with wages that don't reach the payroll tax-free threshold ($600,000) also qualify for this grant.

Only Group Training Organisations and government bodies cannot apply.

How It Works

For each South Australian employed by a South Australian company, that company will receive the annual grant paid out at two intervals: one at the first-year anniversary date of employment and one at the second-year anniversary.

This grant is only effective from 1 July 2016 through 30 June 2018.

Which Employees Qualify? 

To apply for the Job Accelerator Grant Scheme, you need to register your new employee within 90 days of the hire date.

The main goal of this initiative is to increase and maintain the number of full-time employees in SA.

To achieve this, your business will have to keep track of how many employees joined full-time and stayed on for at least a year to qualify for a partial grant. Part-time and casual employees also count towards a partial grant.

For an employee to qualify for the Small Business grant, they need to have worked at least 22 hours each week over the course of the first year after hiring.

With benefits to your own business and the economy, this isn't an opportunity to let miss! Wallace Vroulis Bond is ready to help you take advantage of this grant. Contact us for more information.

- Tony Vroulis

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