Small Business Jobs Bonus to create 2,000 new jobs

Creating jobs will be the number one priority of a majority Liberal Government, which is why we have set a target of reducing Tasmania’s unemployment rate to at least the national average, within our first term.

We have already announced a number of policies to help achieve this, including restoring an international shipping service, a single state-wide planning scheme, an additional $16 million investment in tourism marketing, and yesterday, a payroll tax rebate for large to medium-sized businesses, to create up to 600 new jobs.

Small business is the engine room of Tasmania’s economy — there are some 36,000 small businesses in Tasmania, employing more than 105,000 people.

A majority Liberal Government will provide a Small Business Jobs Bonus of up to $1,000 for new positions created by Tasmanian small businesses between 1 July 2014 and 30 June 2015.

For full time positions, the Small Business Jobs Bonus will be $1000, which will be paid in two tranches : $500 after the job has been filled for six months, and the remaining $500 after another six months.

Recognising that adding a full-time staff member is a big decision for many small businesses, the Jobs Bonus will also be available for new part-time employees that exceed 20 hours per week. This will be paid in two tranches of $250 each, after the job has been filled for six months and 12 months respectively.

To be eligible, the position must be retained for a full year.

For the purpose of this programme, a small business is defined as a business registered in Tasmania that does not pay payroll tax.

The Small Business Jobs Bonus will be capped at $2 million.

The Small Business Jobs Bonus will support over 2,000 new jobs in Tasmanian small businesses.

The New Jobs Bonus programs complements, and will be available in addition to, the Australian Government’s Tasmanian Jobs Programme, which offers a $3,250 payment to businesses that provide full-time jobs to people who have been unemployed for at least six months.

More information on the Australian Government’s Tasmanian Jobs Programme is available at http://employment.gov.au/tasmanian-jobs-programme

– Will Hodgman MP, Liberal Leader, and Adam Brooks MP, Shadow Minister for Small Business

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