THERE will be changes to the New Enterprise Incentive Scheme (NEIS) Allowance from this month.
NEIS is a program that provides practical help and support to eligible unemployed Australians to start and run their own small business.
People who start in the scheme from July 1 will receive the NEIS Allowance for nine months, instead of 12 months.
NEIS participants will continue to receive 12 months of support and advice from experienced small business mentors on organisational, financial and marketing issues to help the new business develop and succeed. Participants who commenced NEIS prior to July 1, 2014 will not be affected by the change.