Jobs creation incentive: The Act defines jobs creation incentive in broad terms as including a grant of money, a financial guarantee, an investment or the provision of advice or a support program (s 4). That definition covers monetary and non-monetary incentives, permitting flexibility in the form of state support a proponent may receive.
Jobs for NSW (body and Board): Jobs for NSW is the statutory body established by s 5. It is constituted as a seven-member board with a mix of ministerial appointees and senior public service representation (s 5(2)). The Minister appoints four members, one of whom is Chairperson, the Minister for Regional Development appoints one member, and the Secretaries of Treasury and of the Premier’s Department or their nominees are members (s 5(2)-(3)). The Act contemplates the body operating also under the name Jobs for NSW Board (s 5(6)).
Functions and discretion: Section 6 lists core functions: advising the Minister on economic opportunities; developing strategy for targeted support; calling for, assessing and recommending proposals; preparing and recommending eligibility and assessment criteria for incentives; and advising on business advisory services and employment matters related to its functions (s 6(1)(a)-(i)). Functions conferred by regulations or other Acts are also permitted (s 6(1)(j); s 6(2)). Section 6 thus assigns both policy-advice and administrational roles to the body, including the power to set and apply eligibility criteria for incentives.
Ministerial control and limits: Ministerial control is explicit. Jobs for NSW is subject to the direction and control of the Minister, but the Minister may not direct the content or preparation of reports, strategies, recommendations or advice provided by Jobs for NSW to the Minister (s 7). This creates a statutory carve-out preserving the Board’s independent formulation of advice, while otherwise subjecting the body to ministerial direction.
Jobs for NSW Fund: A discrete fund is established in the Special Deposits Account to receive appropriations and other authorised receipts and to make payments for incentives and administrative costs (s 12). The Minister manages the Fund (s 12(4)) and may invest its money in accordance with the Government Sector Finance Act 2018 where relevant, or in the manner authorised for trust funds if not (s 13). The Fund is the statutory source of payments for incentives under the Act.
Reporting and regional focus: Annual reporting must include particulars of incentives paid from the Fund and a separate line item on payments to rural and regional areas outside metropolitan Sydney/Wollongong/Newcastle, including whether such payments were at least 30% of total incentive payments (s 8(1)(a)-(b)). This embeds a reporting metric for geographic distribution of payments.
Confidentiality and employment: Jobs for NSW may make arrangements to protect confidentiality of commercial information provided by proponents (s 15). Members appointed by Ministers are not covered by the Government Sector Employment Act’s employment provisions for public servants (s 16(1)), and the Act allows Public Service employment to support the body (s 11).
Delegation and administrative machinery: Jobs for NSW and the Minister may delegate functions to public servants or other persons authorised by regulations (ss 10, 14). Regulations may also be made about composition, conflicts of interest and procedural matters for Jobs for NSW (s 18(2)(a)-(c)).
Personal liability and Crown indemnity: Acts or omissions done in good faith in executing functions under the Act do not personally expose the Minister, Secretary, members or persons acting under direction to personal liability; any such liability attaches to the Crown (s 17).
Transitional arrangements: The Schedule provides for transferring pre-existing development funds into the Jobs for NSW Fund, treatment of applications made to prior schemes as proposals under this Act, and the timing and content of the first annual report (Sch 1 Pt 2 ss 2-5).
Conceptually, the Act marries an expert, predominantly private-sector-informed board with ministerial control, a dedicated funding pool and broad discretion to design and deliver targeted incentives. Key statutory levers are the Fund as the payment source, the Board’s role in defining eligibility and assessment criteria, and ministerial authority over appointments, advisory committees and the Fund.