NEIS training
NEIS training can help you achieve a nationally recognised small business qualification. During the training your NEIS provider will help you to develop a NEIS Business Plan
Your NEIS provider will refer you to the appropriate training taking into account your business idea. This will be either a:
- Certificate III in Entrepreneurship and New Business or
- Certificate IV in Entrepreneurship and New Business.
NEIS Training is a Services Australia approved activity for up to 13 weeks. This means that people receiving certain types of income support (such as JobSeeker Payment) are not required to look for work while undertaking their small business training.
NEIS Allowance
If you are currently receiving income support from Services Australia or the Department of Veterans Affairs (DVA), you may be eligible to receive NEIS Allowance for up to the first 39 weeks of you starting your NEIS business.
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, you must work in your NEIS business for the number of hours per week specified in your NEIS Business Plan. 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 DVA or Services Australia income support payments (such as Parenting Payment or Disability Support Pension) may be able to choose to remain on these payments while participating in 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 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.
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