Employing Mature Age Workers – Restart Program

What is the restart program?

The Restart program is a wage subsidy paid to employers to assist mature age people participate in the workplace. The subsidy encourages employers to take on workers 50 years of age or older.

The full rate of the Restart Program subsidy is $10,000 (GST-inclusive), paid to the employer.

Restart program conditions

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 to 29 hours per week will attract a pro-rata Restart Program subsidy.

The full rate of the subsidy is paid in four six-monthly instalments:
• $3,000 at 6 and 12 months of employment, and
• $2,000 at 18 and 24 months of employment.

Who is eligible for the Restart Program?

An eligible jobseeker is someone who:

  • Is 50 years of age or older.
  • Has been unemployed for six months or more and has been receiving any of the following support income payments for six months or more:
    • Newstart allowance, Parenting Payment, Disability Support Pension, Bereavement Allowance, Widow Allowance, Carer Payment, Special Benefit, Partner Service Pensioners, War Widows, Age Pension, Mature Age Partner Allowance, Wife Pension and Widow’s B Pension.
  • Does not have any outstanding workers’ compensation claims against the employer, and
  • Is not an immediate family member of the employer.

Please click this link for more details.

To see how we can help you with your business, please contact the chartered accountants at our Sydney Office

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