News

Jobs bonus scheme to help over 50s

TREASURER Wayne Swan says a plan to offer employers $1000 to hire people over the age of 50 is designed to stop older Australians being locked out of the workforce.

The Federal Government on Wednesday Apr 18 announced the Jobs Bonus scheme, to come into effect on July 1 at a cost $10 million over four years, as part of its response to the Economic Potential of Senior Australians report.

To be eligible for the $1000 payment employers will need to retain a person over the age of 50 for at least three months. The payments will be limited to 10,000 businesses.

Mr Swan, who left on Wednesday for the G20 meeting in Washington, told ABC radio Australia needed to do more to unlock the "enormous economic potential" of older Australians.

"Too many senior Australians have been locked out of the workforce by discrimination, by stereotypes and so on," Mr Swan said.

"We think it's very important to make sure we unlock that economic potential of so many people who do wish to work.

"So we've accepted their advice (the report's authors) and what we are going to do is to work with the business community to encourage them to hire more mature age Australians.

"You see, the labour force participation rate of mature age Australians is lower here than it is elsewhere in the OECD. We need to lift that up and we need to unlock that enormous potential and that's what the report recommended to us and that's what we're doing."

The Federal Government announced a raft of measures in response to the report, including an extension of its Corporate Champions program, which provides financial support to business that promote mature aged employment.

Speaking in Melbourne, Opposition Leader Tony Abbott provided backhanded support for the plan.

Mr Abbott said the Coalition had taken a similar policy to the 2010 election.

"This of course is catch-up politics from the government," Mr Abbott said.

"They have almost directly lifted from the Coalition one of our policies at the last election."

Under the Coalition policy businesses that employed senior workers for more than six months would have received $3250.

"I just wish that we had had the chance to put this policy effectively in place straight after the last election," Mr Abbott said.

National Seniors Australia chief executive Michael O'Neill welcomed the scheme, but said it needed to be part of a "wider package" to help older Australians overcome the challenge of gaining employment.

"This payment is a good first step in overcoming the barriers to employment facing older workers," he said.

"We'd like to see greater training and advancement opportunities for older Australians and a refinement of existing age discrimination laws," Mr O'Neill said.

Seniors cash
The Federal Government's response to the Economic Potential of Senior Australians report:

  • $10m for a new $1000 Jobs Bonus for employers who recruit and retain a mature age job seeker for more than three months.
  • $15.6m to extend the successful Corporate Champions program to provide support to employers who wish to promote mature aged employment at their workplace.
  • $3.9m to extend the Career Advice service by two years to ensure mature age people have access to free, professional career advice.
  • $4.8m to promote lifelong learning by expanding education opportunities by adult and community education providers and community organisations to older Australians.
  • Expanding the More Help for Mature Age Workers initiative, to now be called the "Investing in Experience - Skills Recognition and Training program, to allow industries to benefit from improving the skills of their over-50s workforces.

Topics:  employment wayne swan


Stay Connected

Update your news preferences and get the latest news delivered to your inbox.

Biggest Morning Tea upsizes to fight cancer

Annie Evans from Cancer Council Noosa organised this year's biggest morning tea at the Noosa Boathouse.

Morning tea raises more than $3000

There will be neglect: Noosa aged carers speak out

Torbay Retirement Village - nurse Pam Sanders with resident Jean Bell. Photo: Alistair Brightman / Fraser Coast Chronicle

'The staff they made redundant within the past month is shocking'

Local Partners

Buskers have time to enter Noosa comp

THE deadline for entries into this year's Australian National Busking Championships being held in Noosa next month has been extended

What to expect at Birds of Tokyo's Ipswich gig

The band will perform at the Racehorse Hotel on Friday.

BAND member Glen Sarangapany talks music, pub grub and doing shoeys

What public holidays are left in 2017

Ipswich residents will get the day off tomorrow for the show.

IPSWICH residents will get tomorrow off for the show

Caitlyn comes home to launch debut album

Gympie's Caitlyn Shadbolt will launch here debut album Songs On My Sleeve at an exclusive all-ages concert in Gympie on Friday, May 26.

Win tickets to Caitlyn's album launch

Model Bella Hadid's see-through dress shocks in Cannes

JUST WHEN you thought you’d all of Bella Hadid’s supermodel figure — she gets her Cannes out on the red carpet of an AIDS gala dinner in France.

Buskers have time to enter Noosa comp

GET ENTRIES IN: Australian National Busking Championships are coming to Noosa.

Deadline extended for National Busking Championships in Noosa

No room for morbid fans

Chris Cornell.

Fans want to stay in the hotel room where Chris Cornell died

Star Wars' 1977 Stormtrooper head banger confesses

A Stormtrooper is responsible for the biggest blunder in a Star Wars movie. Picture: Supplied

Man in most famous blooper in Star Wars history breaks silence

Lyn's knock-out show gets her to next round on The Voice

ONWARDS AND UPWARDS: Lyn Bowtell is through to the battle rounds on The Voice.

'It was bitter sweet to win like that'

Is this the talent you get when you limit electronics?

Cassidy Kilburn in the Get the Beat International Dance Competition.

Cassidy, 11, preparing for national dance championships

Report reveals progress on $319m airport upgrade

Aerials of the Sunshine Coast.Jetstar plane in front of the Susnhine Coast terminal, Sunshine Coast Airport.

Over two dozen government approvals needed for airport expansion

Lost dough leaves sour taste after company collapse

Kathleen and John Mahoney from Sugar and Spice Bakery were stung after the collapse of Cantro Pty Ltd and are still owed money.

Supermarket operator collapse leaves sour taste for bakery

Open for inspection homes May 25-31

Check out this weekend's homes open for inspection

Privacy and views in the heart of Noosa

Immaculate residence in exclusive Noosa Heads gated community

Saddle up for Noosa hinterland horse property

Purpose-built horse complex and residence on cleared 5.26ha

Ready to SELL your property?

Post Your Ad Here!