Starting a small business
If you have thought about starting your own business and would like to plan this to coincide with your redundancy there is a wealth of information and assistance available from the federal, state and local governments. If you have a business idea you would like to explore you can start to read through the information available to decide what would benefit you and your personal situation.
Information and assistance from local council
Most local councils will have a staff member or team dedicated to economic development in your area. They will be able to assist you with access to local information and assistance. Check the website of your local council for further information. Below are links to the business pages of two local council websites.
New Enterprise Incentive Scheme (NEIS program)
One of the small business assistance programs available to people on the Newstart/ Disability Allowance (and connected with a Job Services Australia or Disability Employment Service provider) is the New Enterprise Incentive Scheme, or NEIS program.
NEIS assists eligible job-seekers who have a business idea to create a business plan and offers financial assistance equivalent to the Newstart Allowance, as well as small business mentoring, to small business owners for up to 52 weeks after starting the business.
As part of the NEIS program, the business owner attends a registered training organisation (RTO) to undertake a nationally recognised certificate in small business operation so that they are set up to succeed.
Commonly, you will be eligible to become a part of the NEIS program once you are receiving the Newstart/ Disability Allowance. You can ask Centrelink, or your employment service provider to refer you to the NEIS program.
For further information you can also contact your local provider of the NEIS program by visiting the government’s Job Search website.