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Government’s $4 billion JobMaker scheme referred to Senate inquiry, as tight eligibility rules emerge

The JobMaker scheme has been referred to a Senate committee for inquiry, but eligibility requirements rule out businesses claiming JobKeeper.
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Finance Minister Mathias Cormann and Treasurer Josh Frydenberg look over the 2020 budget. Source: AAP/Mike Bowers.

The federal government’s $4 billion JobMaker hiring credit scheme has been referred to a Senate committee for inquiry.

Elsewhere, JobMaker’s eligibility criteria states it is not available to businesses claiming JobKeeper payments, or for those simply replacing employees who have left the company.

While several new bills from Federal Budget 2020 — including the loss carry-back scheme, asset write-off and changes to the R&D Tax Incentive — passed through parliament last week, the Economic Recovery Package (JobMaker Hiring Credit) Amendment Bill 2020 is facing a little more scrutiny.

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