NEIS training helps individuals achieve a nationally recognised qualification and is a Services Australia approved activity for up to 13 weeks.
Your NEIS provider will refer you to the appropriate training taking into account your business idea. This will be either a:
- Certificate III in Micro-Business Operations or
- Certificate IV in New Small Business.
During the training you will develop a NEIS Business Plan which will need to be approved by your NEIS provider
If you are currently receiving a Services Australia or Department of Veterans Affairs (DVA) income support payment, you may be eligible to receive NEIS Allowance for up to the first 39 weeks of business operation.
NEIS Allowance is equivalent to the single, 22 or over, no children rate of JobSeeker Payment, and is paid fortnightly in arrears. Payment is subject to you meeting your obligations under your NEIS Participant Agreement.
The amount of NEIS Allowance that you receive will not be affected by income from your NEIS business. You can receive income from outside your business (such as from investments or other work) while receiving assistance. However, your NEIS business must be your primary, full-time activity. If your external income is greater than twice the basic rate of NEIS Allowance in a given financial quarter, it may affect the amount of your NEIS Allowance.
Individuals in receipt of some Services Ausatralia or DVA pensions may be able to choose to remain on these payments while receiving New Business Assistance with NEIS.
NEIS Rental Assistance
You may also be able to receive NEIS Rental Assistance. This is a fixed rate payment for a period of 26 weeks from the date you first receive NEIS Assistance.
To be eligible for NEIS Rental Assistance you must have been receiving Services Australia or DVA rental assistance before you start receiving NEIS Allowance.
NEIS business mentoring and support
Business mentoring and support is an essential component of New Business Assistance with NEIS. You will receive business mentoring during the first year of operating your NEIS business.
Business mentors are people with business experience who provide assistance and advice about organisational, financial and marketing issues to help you develop your business.
Want more information?
- You can directly approach a NEIS provider located in your area. You can find your local NEIS provider on the Find a Provider page on the jobactive website;
- Talk to your jobactive, ParentsNext or Disability Employment Services provider
- Call the Job Seeker Hotline on 1800 805 206
- Read the Self-employment - New Enterprise Incentive Scheme general fact sheet. Translated versions of this factsheet are also available
- Find out about help available through New Business Assistance with NEIS or get more details on eligibility.