The idea that 50-plus is no longer the gateway to geezerville is gaining traction. Note for example the Restart program. It is a wage subsidy paid to employers which aims to assist mature age people participate in the workplace by encouraging employers to take on workers 50 years of age or older.
The full rate of the Restart subsidy is $10,000 (GST inclusive), paid to the employer. Mature age job seekers employed for at least 30 hours per week will attract the full rate of the subsidy. Eligible job seekers employed between 15-29 hours per week will attract a pro-rata Restart subsidy.
The full rate of the subsidy is paid in four six-monthly instalments:
Note that as part of the 2015-16 budget, it was annouced that time span for Restart will be reduced (from November 1, 2015) so that the $10,000 in assistance can be paid to employers over 12 months.
Who is eligible?
Job seekers who are 50 years of age or older, who have been unemployed and on income support for six months or more, can attract a Restart subsidy for an employer.
An eligible job seeker is someone who :
The mature age worker must commence in the employment position on or after July 1, 2014.
What types of jobs can be offered?
Note that apprenticeships and traineeships are also eligible Restart job placements. Otherwise the position with your employer must:
The employer must:
Find out more
To learn more about the Restart wage subsidy, job seekers should contact their local Job Services Australia provider. These providers are experienced in delivering services and support for job seekers and employers, and offer personalised support to help job seekers to find a job.
You can find a provider by using the search tool at www.jobsearch.gov.au/provider. And to talk to someone about Restart or for assistance in using the JobSearch website, call 13 62 68.
You can also find out more here.