Legislation to extend the successful Jobs Action Plan until 2019 will be introduced into Parliament today – a key plank of the NSW Liberals & Nationals’ election commitment to create 150,000 jobs in the next four years.
The rebates will help keep NSW as the engine-room of the nation’s economy by encouraging jobs growth across the state, NSW Premier Mike Baird, Treasurer Gladys Berejiklian and Minister for Industry Anthony Roberts said.
Under the Jobs Action Plan, businesses that create a new position receive a $5,000 payroll tax rebate on that position. The rebate is roughly equivalent to the annual payroll tax bill for one employee and will be paid in two parts, at 12 months and 24 months, after the employee is hired.
Since its implementation four years ago, businesses have strongly supported the Jobs Action Plan by making over 90,000 payroll tax rebate applications.
Mr Baird said: “We are determined to build on the hard work we’ve put in to turnaround the state’s economy and keep NSW leading the nation.
“The extension of the Jobs Action Plan will provide incentives and support for businesses looking to expand and create more employment opportunities for people across NSW.”
Ms Berejiklian said the NSW Liberals & Nationals Government had laid out a clear plan to create even more jobs across the state.
“In addition to building on the hard work of the past four years, our Rebuilding NSW plan will unlock $20 billion to fund critical infrastructure across the state,” Ms Berejiklian said.
“Rebuilding NSW will boost the economy by almost $300 billion in just over two decades and generate an additional 120,000 jobs.
“The plan will fund billions in transport, roads, hospitals and schools across all our cities and regions.”
Mr Roberts said: “The Jobs Action Plan is a key element of the Government’s strategy to grow local businesses and to encourage interstate and international businesses to relocate to NSW.
“Our comprehensive plan includes payroll tax rebates, boosting the State Investment Attraction Scheme and ensuring we have a skilled workforce for the jobs of the future.”