Following the release of the October Federal Budget yesterday, ACC Australia's corporate partner, Wolters Kluwer has provided in-depth coverage for all the major tax, accounting and superannuation reforms and announcements impacting corporate Australia.
One of the major announcements was a $4 billion JobMaker program which will be payable for up to 12 months for each new job and is available from today to employers who hire eligible employees aged 16-35. The Hiring Credit will be paid quarterly in arrears at the rate of $200 per week for those aged between 16-29, and $100 per week for those aged between 30-35.
Eligible employees are required to work a minimum of 20 hours per week. To be eligible, employers will need to demonstrate an increase in overall employee headcount and payroll for each additional new position created.
Find full coverage of all the Federal Budget announcements here.
Please join subject matter experts for our complimentary post-budget webinar unpacking highlights and analysis for corporate Australia.
Date/time: Thursday, 15 October from 10.30 – 11.30am AEDT