Incentives and support to employ more employees
A Job Accelerator Grant Scheme has been established to encourage South Australian businesses to employ additional full-time, part-time and casual employees, and maintain them for at least 12 months.
A Job Accelerator Grant of up to $10 000 ($5000 each year for two years) per new full-time equivalent (FTE) job created 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 $4000 ($2000 each year for two years) per new job created is available for most businesses that are 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 that increase their number of SA employees will be eligible to receive a grant for each additional worker employed by them in a new position between 1 July 2016 and 30 June 2018. The grant will be paid at the first and second anniversary date of employment.
Businesses must register a new employee within 90 days of the employee’s commencement date.
The number of employees in a business will comprise:
- for the Job Accelerator Grant: the total number of full-time employees plus the total number of hours worked in the preceding pay week by all South Australian part-time and casual employees during the past pay week, divided by 35 (which is the full-time hours definition used by the Australian Bureau of Statistics); and
- for the Job Accelerator Grant for Small Business & Start-ups: the total number of full-time employees plus the number of South Australian part-time and casual employees that worked more than 22 hours in the past pay week.
For more information, visit Revenue SA.