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.

Graceful Russian ballerinas will perform Swan Lake

ON STAGE: The Russian National Ballet Theatre brings their production of Swan Lake, the full length classical performance.

The Russian National Ballet Theatre is coming soon

Baird dogged by fears greyhound ban will cost Nationals seat

Mike Baird may hold off on implementing the greyhound racing ban until 2020 as he tries to woo voters back into the National fold before the Orange by-election.

Could Orange by-election force Baird to delay greyhound racing ban?

Are government staffers talking Wentworth Park sale?

Greyhounds race at the Wentworth Park ahead of the industry's July 2017 shutdown.

No answer on whether government staff discussed Wentworth Parl sale

Local Partners

It's time to get your shorts on the big screen

ENTRIES for Flickerfest 2017 and Byron All Shorts are now open

These local movies will shine at 10th Byron Film Festival

LOCAL STORIES: One of the films featured this year is The Bentley Effect, a documentary about the Bentley Blockade.

THIS year marks a milestone for the Byron Bay Film Festival

Graceful Russian ballerinas will perform Swan Lake

ON STAGE: The Russian National Ballet Theatre brings their production of Swan Lake, the full length classical performance.

The Russian National Ballet Theatre is coming soon

Baird dogged by fears greyhound ban will cost Nationals seat

Mike Baird may hold off on implementing the greyhound racing ban until 2020 as he tries to woo voters back into the National fold before the Orange by-election.

Could Orange by-election force Baird to delay greyhound racing ban?

Are government staffers talking Wentworth Park sale?

Greyhounds race at the Wentworth Park ahead of the industry's July 2017 shutdown.

No answer on whether government staff discussed Wentworth Parl sale

Justice delayed is justice denied in NSW courts

Court backlogs trigger push for break and enter law change

Communication breakdown in NSW fishing reforms

State-wide commercial fishing industry reforms have left fishers confused about their futures.

Non-English speaking fishers confused at industry-wide reforms

Greyhounds get free flights but need 19,000 homes

Homes will be needed for about 19,000 greyhounds, according to estimates in a leaked draft interim report.

Free transport to adopted greyhounds as industry shuts down

Classic car auction draws buyers from US, Dubai

"He wants everyone to enjoy the cars, the collection got too big'

What's on the small screen this week

Jessica Marais in a scene from the TV series The Wrong Girl.

A NEW romantic comedy debuts while footy codes ramp up for finals.

Airbourne talk drop bears, beer and taxes

Airbourne have a new album coming out and a new tour on the way.  Photo Contributed

Airbourne release album for the aussie battler

Pippa Middleton had 3000 private photos stolen

Author Pippa Middleton

Author's account hacked to access 3000 private photos

Gruen star discovers the body's limits in new hit TV show

Todd Sampson tries out MMA fighting during TV series BodyHack.

Gruen star pushes the limits in new TV series

Deftones return to Australia with string of dates

Deftones are back in town. Photo Contributed

World renowned nu-metal pioneers return

How the Gruen guy's t-shirts took on a life of their own

Documentary filmmaker and Gruen panellist Todd Sampson.

What started out as simple workwear has become a trademark

UPDATE: Former rodeo champ's sale rained out, now back on

Larkhill local Ken Consiglio is having an auction of most of the things on his property.

'People kept showing up and we had to turn them away'

Couple build their own 'tiny house' for $45k

Holly Bowen and Oli Bucher built their "tiny house" themselves, only hiring a plumber and an electrician. Photo/supplied

The house, which is built on a trailer and can be towed.

Sunshine Beach property breaks real estate record

The property overlooks Sunshine Beach, as the backyard lawn meets the sand.

Sunshine Beach mansion sale smashes real estate record

SOLD: Historic hotel finds new owner

Post Office Hotel Grafton

Photo Adam Hourigan / The Daily Examiner

Pub in new hands and heading in a brand new direction

Peppers Airlie Beach put on the market

ON THE MARKET: Peppers Airlie Beach is being for recievership sale by CBRE Hotels and PRD Nationwide Airlie Beach.

Peppers Airlie Beach is being offered for sale.

3500 jobs on the way with new $950 million resort

Residential, tourist, community, and open space on Hummock Hill Island.

PROPERTY developers plan to begin construction next year.