SA company gets $170,000 jobs grant


BT Transport and Logistics bags state grant to hire 17 new drivers

SA company gets $170,000 jobs grant
SA Premier Jay Weatherill hopes more and more companies will avail the benefits of the scheme.

 

South Australia-based transport company BT Transport and Logistics has applied for a $170,000 grant under the state government’s job accelerator scheme.

Headquartered in Adelaide, the company offers transport services to many industries including, defence, mining and civil.

Having recently won a few new contracts, the company found the need to hire up to 17 new drivers and that’s where the job accelerator scheme came in handy, the company states.

BT Transport and Logistics CEO Philip Mills is confident the grant will enable the business to accelerate and sustain growth in the long run.

"The logistics industry operates with tight margins, and initiatives like the Job Accelerator Grant lower the financial risk associated with taking on new staff," Mills says.

"There are great opportunities in the South Australian defence industry, which BT has been working with extensively, and we are committed to strengthening our position in this market.

"The grants will be invested throughout the business, creating sustainable growth that is driven by well-trained employees and state-of-the-art and well-maintained fleet and equipment."

With a newly-launched advertising campaign, the state government is doing all it can to promote the scheme and encourage businesses to avail this incentive.

"This is a terrific example of a growing South Australian business taking advantage of these $10,000 Job Accelerator Grants to help expand their business," SA Premier Jay Weatherill says.

"BT Transport and Logistics are a company that is tapping into South Australia’s rapidly evolving defence and mineral resources sectors, and they are exactly the type of company that is going to take advantage of changes in our economy as we transition to new industries.

"The Job Accelerator Grants are about backing South Australian businesses to create jobs, so we want to encourage as many South Australian businesses as possible to do what BT Transport and Logistics have done and access these grants by taking on new staff."

Treasurer Tom Koutsantonis says the scheme encourages small and medium-sized businesses (SMEs) to hire more staff to boost their businesses.

"So far grant applications for almost 500 new positions have been initiated by businesses, but we want to see that number grow."

The state government has written to almost 6,000 businesses, encouraging them to apply for the grants, Koutsantonis says.

Job accelerator scheme

Announced in the 2016-17 State Budget, the $109 million scheme offers grants to businesses for each new worker employed in addition to the existing staff.

Businesses can apply for the $10,000 Job Accelerator Grant, which is open to businesses liable for payroll tax in SA with total taxable Australian wages of no more than $5 million in the financial year immediately prior to claiming the grant.

The grant is paid in two $5,000 instalments on each anniversary of the increase in employment level.

The grant is paid on a pro rata basis if the hours worked by new staff are less than 35 hours per week.

In addition to the above scheme, the state government also offers a small business grant of up to $4000.

The Small Business and Start-ups Grant, which applies to eligible businesses not liable for payroll tax during the relevant employment period of the new staff member, including due to their total payroll falling below the tax-free threshold of $600,000.

The $4,000 grant is paid in two equal instalments on each anniversary of the increase in employment.

For more information, visit the Revenue SA website.

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