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ARTICLE · 22 JULY 2015

Small Business Employment Incentive Grant Scheme for NSW

Moore Australia
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The scheme will apply to NSW businesses with a taxable wages bill of less than the current annual threshold of $750,000.

AustraliaGovernment, Public Sector
Raelene Berryman
Raelene Berryman
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Do you operate a business in New South Wales? If so, the recent NSW State budget announcement of 23 June 2015 may have some benefit to you.

The budget announced that they will spend around $27 million to create a new Small Business Employment Incentive Scheme for non-payroll tax paying small businesses that create new jobs. This will therefore apply to NSW businesses that have a taxable wages bill of less than the current annual threshold of $750,000.

If you are not liable to payroll tax but do employ workers in NSW you may be eligible for a grant of up to $2,000 per full time equivalent employee when you hire new people for your team. A pro rata grant is available for part time and casual workers who remain in place for over 12 months.

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