Wage subsidies are financial incentives provided by the Australian government to encourage businesses to hire eligible candidates. Subsidies are paid at regular intervals during the first 26 weeks of employment when required hours are achieved each week. These subsidies help offset the costs of on-the-job training and support employers in creating sustainable employment opportunities.
Eligibility Criteria
To access a wage subsidy, your organisation must meet the following criteria:
Valid Australian Business Number (ABN): Ensure that your business has a valid ABN.
Registered with Workforce Australia Online for Businesses: Set up an account on Workforce Australia’s online platform for businesses.
New or Ongoing Employment Positions: Wage subsidies can be applied to new or ongoing positions, including full-time, part-time, casual, traineeship, or apprenticeship roles.
Not Receiving Other Government Funding: You cannot receive a wage subsidy if you are already receiving government funding for the same position.
Not for Family Members: The wage subsidy cannot be used for family members.
Not Commission-Based, Self-Employment, or Subcontracted Positions: It applies only to standard employment arrangements.
Types of Wage Subsidies
1. Workforce Australia Wage Subsidies
Maximum Amount: Up to $10,000.
Workforce Australia up to $10,000
Disability Employment $1650 up to $10,000
Eligibility: Available for businesses hiring eligible individuals into ongoing jobs.
Provider Assistance: If you fill an ongoing position with the help of TURSA, a Workforce Australia, Transition to Work and Disability Employment provider, TURSA may offer you a wage subsidy.
Purpose: The subsidy helps cover initial hiring costs, ensuring the success of the new employee.