Job opportunities still exist despite changes in NSW Budget

Job opportunities exist despite changes in NSW Budget

Ben Watkinson, Global Mobility Specialist, provides insight to the opportunities that are still available following the NSW Budget changes to the Jobs Action Plan.

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The New South Wales (NSW) Budget handed down this week proposed the following changes to the NSW Jobs Action Plan.

The changes to the NSW Jobs Action Plan include:

  • New jobs commencing on or after 31 July 2016 will only be eligible for the rebate if the employers Full-Time Equivalent (FTE) employee number, prior to the new job, is at or below 50.
  • The total rebate amount per new job has increase 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.

So what does this mean for employers who have an FTE of greater than 50 people?

Whilst they will no longer be able to claim the rebate for any new roles created after 31 July 2016, the ability to claim rebates for roles created prior to 31 July 2016 will still exist as normal. So effectively, employers that have these roles registered can continue to make claims up until 31 July 2018. These claims will be paid out at the rate of $2,000 for first anniversary claims and $3,000 for second anniversary claims.

Employers should therefore ensure that all roles created up until 31 July 2016 are registered within 90 days of commencement to ensure that these roles remain eligible.
 

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