1.1.N.55 New Enterprise Incentive Scheme (NEIS)

Definition

NEIS is a component of JSA, administered by DEEWR. NEIS assists eligible unemployed people to start new, viable small businesses. NEIS participants receive payments from DEEWR.

Payments made under NEIS are excluded from the ordinary income test under SSAct section 8(8)(t) and subject to the NEIS provisions under SSAct Part 3.15.

Act reference: SSAct section 8(8) Excluded amounts - general, Part 3.15 New Enterprise Incentive Scheme

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Last reviewed: 1 July 2009