What is a subsidy?
A subsidy is an ongoing government payment that reduces the cost of a business activity — most commonly wage subsidies that partially offset the cost of employing certain workers. Unlike a grant, subsidies are often paid in instalments over time.
How it works
Wage subsidies are arranged before hiring through Workforce Australia. You hire an eligible worker, and the government pays a portion of their wages to you over 26 weeks (typically). The subsidy is paid directly to your business as a reimbursement of wages incurred.
Advantages
- ✓Reduces ongoing operating costs (not just one-off)
- ✓Non-competitive for wage subsidies — if your hire qualifies, you qualify
- ✓Can access for multiple hires
- ✓Arrangements relatively straightforward
Considerations
- ·Must hire eligible workers (can't always choose freely)
- ·Administered through employment services providers
- ·Must retain worker for full subsidy period
- ·Subsidy amounts are fixed by program, not negotiable
Open Subsidies
2 programsFinancial incentives for businesses to hire new staff. Businesses may be eligible for wage subsidies of up to $10,000 when hiring eligible individuals into ongoing positions. The subsidies are available through approved employment services providers including Workforce Australia, Transition to Work, Parent Pathways, and Inclusive Employment Australia.
This scheme provides financial assistance to regional athletes to help cover travel costs when competing at state and national sporting events. The subsidy aims to reduce the financial burden on regional athletes and support their participation in higher-level competitions.
Program information is sourced from official government websites and updated regularly. Always verify details with the official source before applying.