1.1.N.50 New Enterprise Incentive Scheme (NEIS)

Definition

New Business Assistance with NEIS is a component of jobactive, administered by the Department of Employment, Skills, Small and Family Business. NEIS assists eligible unemployed people to start new, viable small businesses. NEIS participants may be eligible to receive payments from the Department of Employment, Skills, Small and Family Business.

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

Last reviewed: 1 July 2019