Illawarra Business Chamber has welcomed the announcement of a 'Jobs Plus' program by the NSW Government that includes significant payroll tax concessions for businesses that create jobs.
Executive director Adam Zarth said the chamber's pre-budget submission advocated for payroll tax relief on newly created jobs as a crucial pandemic recovery measure and said the Jobs Plus announcement will be a huge boost for job creation.
The program will be a feature of the State Budget handed down on November 17, and will feature up to a four-year payroll tax relief period for every new job created where a business has created at least 30 new net jobs.
"We are pleased the government has listened and addressed the handbrake on job creation that is payroll tax, and this program will help deliver the jobs boost needed to drive a business-led recovery," Mr Zarth said.
"As we move into the next phase of economic recovery, we need to identify ways to supercharge parts of the economy able to absorb spare economic capacity."
"Payroll tax is a barrier to job creation and the Jobs Plus Program will remove one of the biggest barriers for employers looking to expand or relocate to NSW."
"Importantly, this policy will also address the frictions that normally come when establishing or growing operations in NSW."
"Part of this package includes assistance with the NSW planning system which will include fast track approvals for projects that will create jobs."
"We know the planning system has previously represented a barrier to business expansion which is why fast-tracked planning approval pathways is so crucial".
We depend on subscription revenue to support our journalism. If you are able, please subscribe here. If you are already a subscriber, thank you for your support.