Andrews Labor Government Gets Victoria Back To Work
The Andrews Labor Government today took action to address Victoria’s jobs crisis, with the Back to Work Bill a step closer to becoming law.
The Bill creates the Back to Work Scheme, which will provide up to $100 million in relief to businesses hiring unemployed youth, the long-term unemployed and retrenched workers.
With the previous Liberal Government leaving behind an unemployment rate of 6.8 per cent – the highest in more than a decade – the initiative will help create at least 100,000 jobs.
Companies that hire eligible workers will receive fixed payments to offset the costs associated with hiring extra employees. These include state taxes, training, transport and tools.
All Victorian businesses will be eligible to participate in the scheme, except those with a poor workplace safety record. The scheme will apply to a broad range of eligible employees and it will not discriminate.
An eligible employer will qualify for the scheme after they employ an eligible person for three months. The employer cannot qualify again by terminating that employee and immediately rehiring them.
The State Revenue Office and the Department of Treasury and Finance will closely monitor take up rates and industry behaviour to make sure this doesn’t happen.