The JobMaker Hiring Credit scheme is an incentive for businesses to employ additional young job seekers aged 16–35 years. The hiring period is between 7 October 2020 and 6 October 2021.
Insights
HomeBuilder Scheme
The HomeBuilder scheme has been extended to 31 March 2021 and applications need to be lodged by 14 April 2021. The construction timeframe has been extended to 6 months for ALL HomeBuilder applicants.
Payroll Tax Reduction
The recently announced NSW Budget 2020-21 provides a temporary reduction in the payroll tax rate, offering some tax relief to businesses for the 2020/21 and 2021/22 financial years.
Stamp Duty & Land Tax Proposed Change
The NSW Government has proposed changes to the state’s property tax system and are asking for public opinions on the proposal.
Emergency Drought Transport Subsidy
The Rural Assistance Authority has announced some important changes to the Emergency Drought Transport Subsidy for funding in the 2020/21 financial year.