NSW offers grants to encourage new hires

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NSW offers grants to encourage new hires

Small businesses may be eligible to receive state government grants of up to $2000 for taking on new employees in NSW.

The NSW Small Business Grants scheme provides small businesses with grants of $2000 for each new full-time worker they employ, and a pro-rata amount for part-time and casual staff.

The main conditions are that the business has an active ABN and is not liable for payroll tax, and that the employee is in a newly-created position that increases the business's number of full-time equivalent employees.

While the employee must work wholly or mainly in NSW, the business can be based interstate.

It is also important to realise that the grant is associated with new jobs, not the people that initially fill then. So if you hire someone and they leave after a few months, the grant is still payable as long as you take on a replacement. Just be aware that the grant will be scaled back if the position falls vacant for a total of more than 30 days in a year.

The scheme isn't the simplest, so the state government is running a series of seminars in regional and metropolitan locations. If you think you might apply for the grant, it's probably worth investing an hour to attend.

There doesn't seem to be anything stopping businesses from claiming a NSW Small Business Grant and the commonwealth Restart wage subsidy if they hire an older unemployed person.

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