Jobs Action Plan (Payroll Tax Rebate Scheme)
One of the key priorities of the NSW Government is the Jobs Action Plan. This plan targets the creation of 100,000 new jobs in NSW from July 2011 and gives businesses the incentive to employ new workers and expand their enterprises. 40,000 of the new jobs will be prioritised for non-metropolitan areas of NSW with the remaining 60,000 in metropolitan areas.
Businesses that increase their employment levels will receive a payroll tax rebate following the employment of each additional employee in a position that is a new job.
To be eligible for the rebate scheme, you must be registered as an employer and paying payroll tax under the Payroll Tax Act 2007.The Jobs Action Plan is administered by the NSW Office of State Revenue.
Jobs for NSW
Launched in August 2015 at Stone & Chalk, the Jobs for NSW initiative will help meet the NSW Government's target of 150,000 jobs in four years.
This initiative will include the creation of the Jobs for NSW board including senior Australian business leaders to drive job creation in NSW. This board will be chaired by former Telstra CEO and incoming CSIRO chair David Thodey. The board will oversee the Jobs for NSW fund which is being created to help meet the NSW Government's commitment to provide a $190 million, four-year war chest to grow jobs.
The Jobs for NSW fund will replace the existing State Investment Attraction Scheme (SIAS) and Regional Industries Investment Fund (RIIF). Current funding agreements under SIAS and RIIF will continue under the terms of those agreements.
Jobs for NSW will recommend robust criteria to ensure that funds are directed to areas to achieve the greatest economic impact. Proposed new allocations from the fund will be considered by the Jobs for NSW board before being presented to the Minister for Industry for a final decision. A single, consolidated fund will help to increase transparency and be easier for business to understand and use.