In a statement, Premier Peter Gutwein said legislation for the extension of the payroll tax incentives will be introduced into the State Parliament next week, in order that the incentives and the expanded Small Business Grant can begin on 1 January next year.
The $22 million investment includes:
- Extending the current payroll tax rebate for all youth employees for a further 18 months,
- Extending the current payroll tax rebate for apprentices and trainees for a further 12 months, and
- Extending both rebates to all industry sectors.
The government also announced it would be extending the Targeted Apprentice and Trainee Grant for Small Business to any small business who employs an apprentice or trainee until 30 June 2022.
“As a government, we recognise the valuable investment business makes in training the next generation of Tasmanian workers, and we want to make sure businesses are confident and prepared to take on more apprentices, trainees and young people,” Mr Gutwein said.
“Not only will this help young people get their foot in the door for a job, but it will help our businesses with a ready supply of skilled young people for the future.”
The move comes as the Tasmanian government revealed earlier this month of a $1 million mental health support package for small businesses impacted by the public health restrictions imposed in response to the coronavirus crisis.
Up to 1,000 placements will be offered to owners and employees of Tasmanian small businesses of various industries and locations who identify a need for mental health training or assistance.