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New Enterprise Incentive Scheme (NEIS)

What is NEIS?

The New Enterprise Incentive Scheme (NEIS) is a self-employment program that can help you put your business ideas into practice and establish and run a new commercially viable business.  Most importantly, it will help you develop the necessary skills for business success.  The Australian Government, through NEIS, has so far helped unemployed people set up new small businesses.  80% of the NEIS businesses are still in operation after 5 years.

NEIS provides:

How NEIS works

NEIS is a two-step process.

Step 1 - Planning & Training

Step 2 - Starting your Business & Income Support

 or not you can progress onto NEIS income support

(Note that acceptance to participate in NEIS Training does NOT guarantee acceptance
onto income support).

NEIS Training
Training is held locally in a positive, adult learning environment with experienced and professional trainers.  NEIS training is competency based.  Although there are no examinations, all participants will be required to demonstrate completion of training through assignments, group discussions, case studies, role play and verbal interviews with the trainers.  The outcome of your training is a fully documented business plan.

Duration of the NEIS course is six to eight (6-8) weeks, full time. 

The Certificate IV in Small Business Management BSB40407 consists of 10 modules:

The Certificate III in Micro Business Operations BSB30307 consists of 10 modules:

Financial Assistance – NEIS Allowance
If you successfully reach Step 2 of starting your business and become eligible for income support, you may receive the NEIS Allowance for up to 39 weeks.  Payments are made fortnightly in arrears and are subject to participants fulfilling their contractual obligations.  After the first quarter of business operation, your continuing income support is subject to submitting on time:

NetGain – the NEIS Panel provider and NEIS Training
NetGain is a Not for Profit, Community based organisation and is proud to deliver NEIS.
NetGain staff are experienced professionals and are committed to maintaining high standards of service.  NetGain delivers NEIS in Seymour, Shepparton, Wangaratta, Bairnsdale, Morwell and surrounding areas.

Mentoring and On-Going Support
NetGain provides Mentor support free to all successful NEIS participants.  Mentors provide business advice and assistance to participants during the first year of business operation to maximise the potential success of their business.

 

Am I eligible for NEIS?

To join the NEIS Program, you must:

For your business idea to be acceptable, it must:

Centrelink Allowances/Benefits eligible for NEIS
Job seekers in receipt of a variety of Centrelink Allowances may be eligible for NEIS.  A few of them are listed below.  Please note, this list is not exhaustive.

(You may wish to confirm your eligibility with Centrelink)

Common Questions & Answers

Are Home-based Businesses Eligible for NEIS?
Yes.  In fact many NEIS Businesses are home-based.

Is NEIS Assistance Available to Group Businesses?
Yes.  Two or more individuals can form a partnership, company or co-operative enterprise.  Joint businesses with non-NEIS eligible partners are permissible if NEIS participants hold and maintain a controlling interest in the business for the duration of the NEIS Agreement.

How can Job Seekers Apply for NEIS?
NEIS Application Forms are available from NetGain and you will need to request a formal referral from your Jobs Services Australia provider (JSA).  Further information on NEIS can be obtained from your local NetGain , JSA, Centrelink, The Department of Employment Offices and our NetGain website (address below).  Approach your nearest Centrelink Office and JSA to determine your NEIS eligibility.

Remember that acceptance to participate in NEIS Training does NOT guarantee acceptance on to income support.

 

WANT MORE INFORMATION?

Contact:

NetGain              Free call:                 1800 356 400
                           Telephone:              (03) 5799 1616
                           Fax:                         (03) 5799 1553

Email:                       netgain@netgain.asn.au 
Website:                   www.netgain.asn.au       

 

Other Numbers:      

Centrelink (English):                     132 850
Centrelink (Other Language):      131 202
Job Services Australia:                 www.jobsearch.gov.au

 

 

NetGain for NEIS
Professional & Confidential Business Services

1800 356 400

 

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