Queensland employers who take on apprentices and trainees will soon be able to claim a 25 per cent payroll tax rebate.
Queensland Treasurer Curtis Pitt today announced that the Palaszczuk Government would introduce a bill to change the Payroll Tax Act to bring the tax rebate into effect.
“Our commitment is to provide a 25% rebate on the payroll tax on the wages of another employee when bosses hire an apprentice or trainee, ” Treasurer Pitt said on making the announcement.
“This will encourage greater participation and give young people a foot in the door when youth unemployment remains stubbornly high.”
Mr Pitt said the ABS Labour Force numbers released last Thursday showed the state’s trend unemployment rate at 6.5% and the latest available data put youth unemployment at 14%.
“The number of unemployed has risen 30,300 since March 2012,” he said.
“Limited job opportunities have discouraged new entrants into the labour market, with the trend participation rate at 65.3% in February.
“That’s why we are acting quickly to implement our agenda to support jobs.