Support for Older Working Australians
Tuesday, 21 October 2014
Businesses that provide jobs to older Australians are now eligible to receive up to $10,000 (GST inclusive) in assistance from the Australian Government.
Minister for Employment Eric Abetz said the Restart Wage Subsidy — a Budget initiative which started on 1 July — will help people aged 50 or older get a job.
“The benefits of hiring and keeping older workers are clear. Their maturity and experience, built up over decades of working, can bring an immediate and positive impact to a business they join,” Senator Abetz said.
“We know however that older workers can remain unemployed for long periods if they lose their job.
“Restart will help to address the barriers older Australians face when looking for a job by more than tripling the previous incentive announced by the Government for employers to hire mature-age workers.
“This programme is part of the Australian Government’s Economic Action Strategy to create jobs and build a strong, prosperous economy.”
Under Restart, eligible employers will receive an initial $3000 if they hire a full-time mature-age job seeker who has been unemployed and on income support for six months — including the age or disability support pension — and employ that person for at least six months.
Once that job seeker has been working for the same employer for 12 months, the employer will receive another payment of $3000. The employer will then receive a further $2000 once the same job seeker has been with them for 18 months and another $2000 at two years.
It is available on a pro rata basis where employers take on part-time workers for a minimum of 15 hours per week.
Jane Prentice, Federal member for Ryan, said that Restart was fantastic news for older job seekers.
“Older workers can often be overlooked by employers even though they so often make dedicated employees,” she said.
“The contribution of older workers is becoming more crucial to the workplace.
“Our ageing population means we need as many people as possible participating in the workforce to become a more productive nation.
“It’s unfair to let middle-aged people drift into unemployment for a decade or more before retirement when they still have a significant contribution to make.
“I encourage all employers in Ryan to look closely at Restart and see how they can take advantage of this generous incentive.”
Restart has been allocated $524.8 million over four years and could benefit up to 32,000 mature-aged job seekers each year.
Restart is one of four initiatives announced on 1 July 2014 that reinforces the Government’s commitment to boosting employment across Australia. Other programmes include the Job Commitment Bonus, Relocation Assistance to Take Up a Job, and Work for the Dole.
For more information on Restart visit: www.employment.gov.au/restart-wage-subsidy
For more information on how Job Services Australia can help businesses with their recruitment needs visit: www.employment.gov.au/how-job-services-australia-can-help-businesses-0