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ATO lets ineligible businesses off the hook for $180m in JobKeeper payments

The Australian Tax Office has decided against chasing more than $180 million in misguided JobKeeper payments that landed in the pockets of ineligible businesses that were deemed to have made “honest mistakes”.

ATO lets ineligible businesses off the hook for $180m in JobKeeper payments
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Speaking to a Senate inquiry on Friday, Tax Commissioner Chris Jordan said the Tax Office has so far conducted audits of 1,600 businesses that received the $90 billion federal wage subsidy, of which 95 per cent met eligibility requirements. 

Read more at Accountants Daily.

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