Michaelia Cash (WA, Liberal Party, Minister for Employment, Skills, Small and Family Business) Share this | Hansard source

As I've said, we know that young Australians have been disproportionately affected by the impact of COVID-19. The Morrison government's $4 billion hiring credit will support around 450,000 positions by giving employers an incentive for each new job they create over the next 12 months that employs someone who's been on income support in at least one of the three previous months at the time of hiring.

The hiring credit itself complements other existing government wage subsidies that are already in place. We already have in place a number of wage subsidies for existing cohorts of people such as parents returning to the workforce, Indigenous Australians and the long-term unemployed. We also have a $10,000 Restart wage subsidy that actually helps jobseekers aged over 50 to get back into the work. In the last few years, that has assisted 50,000 Australians to get a job.