• Peer Wealth


On 29 June 2015, the Small Business Grants (Employment Incentive) Act 2015 received assent.

What does this mean? Well basically, every new employee you hire, the government will give you $2,000 cash!

Yes there are certain criteria. But it’s not hard to pass. See below:

1. Your business needs to be a small business (need an ABN, must be under the payroll tax threshold)

2. Employee must be hired for a NEW JOB!

3. Employment commences between 1 July 2015 and 1 July 2019

4. Employment maintained for the minimum employment period (being 1 year since their start date)

5. The employees services must be performed wholly (or mainly) in NSW

There are a few more things that might apply to your situation but the above will give you an idea of whether you need to look into this or not.

You have 60 days to apply for the grant from when you first hire the employee so it's important you act fast on this. There are certain details you need to complete the application form and it's important that you get this right as I am sure the Office of State Revenue will be checking to make sure your claim is legitimate.

If you want to chat to see if you’re eligible, you know our number.


6 views0 comments

Recent Posts

See All

2017 SNB Business of The Year


Professional Services Award

Contact Information:

(02) 8014 7608


PO Box 444 Manly NSW 2095

Office Locations:

Peer Wealth Manly

Suite 202b, 39 East Esplanade

Manly NSW 2095

Peer Wealth Forster

Shop 2, 12 Wallis Street

Forster NSW 2428

Peer Wealth Pty Ltd is a Corporate Authorised Representative (Representative No, 001281977) ABN 24 115 294 463 of Futuro Financial Services Pty Ltd, Australian Financial Services Licensee (AFSL 238478)

Financial Services Guide

Privacy Policy

This website contains general advice only. You need to consider with your financial planner (or adviser), your objectives, financial situation and your particular needs prior to making an investment decision. Futuro Financial Services Pty Ltd and its authorised representatives (or credit representatives) do not accept liability for any errors or omissions of information supplied on this website.

Liability limited by a scheme approved under Professional Standards Legislation.* *Other than for the acts or omissions of financial services licensees.