Financial Framework (Supplementary Powers) Amendment (Employment Measures No. 2) Regulation 2016 (Cth)

Financial Framework (Supplementary Powers) Amendment (Employment Measures No. 2) Regulation 2016

I, General the Honourable Sir Peter Cosgrove AK MC (Ret’d), Governor‑General of the Commonwealth of Australia, acting with the advice of the Federal Executive Council, make the following regulation.

Dated 10 November 2016

Peter Cosgrove

Governor‑General

By His Excellency’s Command

Mathias Cormann

Minister for Finance

Contents

1Name

This is the Financial Framework (Supplementary Powers) Amendment (Employment Measures No. 2) Regulation 2016.

2Commencement

1. (1)

   Each provision of this instrument specified in column 1 of the table commences, or is taken to have commenced, in accordance with column 2 of the table. Any other statement in column 2 has effect according to its terms.

Commencement information
Column 1	Column 2	Column 3
Provisions	Commencement	Date/Details
1. The whole of this instrument	The day after this instrument is registered.	12 November 2016

Note: This table relates only to the provisions of this instrument as originally made. It will not be amended to deal with any later amendments of this instrument.

1. (2)

   Any information in column 3 of the table is not part of this instrument. Information may be inserted in this column, or information in it may be edited, in any published version of this instrument.

3Authority

This instrument is made under the Financial Framework (Supplementary Powers) Act 1997.

4Schedules

Each instrument that is specified in a Schedule to this instrument is amended or repealed as set out in the applicable items in the Schedule concerned, and any other item in a Schedule to this instrument has effect according to its terms.

Schedule 1—Amendments

Financial Framework (Supplementary Powers) Regulations 1997

1. 1

   In the appropriate position in Part 4 of Schedule 1AB (table)

Insert:

174	Youth Jobs PaTH	To help young job seekers to obtain the skills to find and keep a job, and to move off income support, by: (a) funding employability skills training for young job seekers; and (b) providing financial incentives to the following: (i) young job seekers who undertake internships; (ii) businesses that host young job seekers as interns; (iii) providers that place young job seekers as interns; and (c) providing an online portal to connect young job seekers and businesses that may host job seekers as interns; and (d) providing Youth Bonus wage subsidies to employers who hire young job seekers. This objective also has the effect it would have if it were limited to: (a) measures in connection with online communications; or (b) providing unemployment benefits; or (c) engaging in measures to meet Australia’s obligations under the following: (i) the International Labour Organization’s Employment Policy Convention, Human Resources Development Convention and Employment Service Convention; (ii) the International Covenant on Economic, Social and Cultural Rights, particularly Article 6; or (d) providing services in a Territory.
175	Encouraging Entrepreneurship	To encourage entrepreneurship among unemployed persons, including by funding entrepreneurship facilitators, workshops, the provision of information and other activities to educate unemployed persons about entrepreneurship and self‑employment as alternatives to paid work as an employee. This objective also has the effect it would have if it were limited to: (a) providing unemployment benefits; or (b) engaging in measures to meet Australia’s obligations under the following: (i) the International Labour Organization’s Employment Policy Convention, Human Resources Development Convention and Employment Service Convention; (ii) the International Covenant on Economic, Social and Cultural Rights, particularly Articles 6 and 13; or (c) providing services in a Territory.