Election 2016: Labor to confirm small business tax breaks for new jobs

ABC News 19.6.16

Key points:

  • Businesses will get a $20,000 incentive to hire mums returning to work, older job seekers, under 25s
  • The policy is designed to create 30,000 new jobs
  • Labor says it will commit $400m to build Sydney’s rail link

Businesses will get a $20,000 incentive to hire a mum returning to work, an older job seeker or someone under 25.

The scheme is also likely to be available to people who have taken time off work to care for a relative.

The policy is worth $257 million and designed to create 30,000 new jobs each year.

The Government has made a small business tax cut a major plank of its election platform, it has also promised to gradually extend the definition of a small business from a turnover of $2 million to $10 million.