The Coalition is delivering on its election commitment to boost workforce participation and help more young job seekers into work with legislation introduced to Federal Parliament today.
The legislation delivers on two key election commitments, the Job Commitment Bonus and the Relocation Assistance to Take up a Job.
The Job Commitment Bonus is a new payment that rewards young, long-term unemployed job seekers aged 18–30 if they get and keep a job.
Young job seekers who have been on Newstart Allowance or Youth Allowance (other) for at least the preceding 12 months will receive $2500 if they get a job, remain in continuous work and off income support for 12 months.
These same job seekers will be eligible for an additional $4000 if they remain in continuous work and off income support for a further 12 months, that is 24 months in total.
The Relocation Assistance to Take Up a Job measure is designed to promote workforce participation by encouraging job seekers to move to areas where jobs are available. This programme provides financial support to all job seekers who have been on Newstart Allowance, Youth Allowance (other) and Parenting Payment for at least the preceding 12 months.
Up to $6000 will be available to support eligible job seekers who relocate to a regional area to take up a job. Up to $3000 will be available to support eligible job seekers who relocate to a metropolitan area from a regional area to take up a job.
The $3000 payment will also be available to eligible job seekers who relocate from a capital city with higher unemployment to one with lower unemployment. Families with dependent children will be provided with up to an extra $3000 in recognition of any other additional costs.
Under Labor, the number of young unemployed people blew out by 55,000. Labor must acknowledge this shameful legacy to job seekers and support this legislation so eligible unemployed Australians can benefit from these incentives.