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Treasury defends absence of JobKeeper clawback mechanism

The Senate economics committee has heard that while the Morrison government considered JobKeeper clawback measures, it opted to proceed without them.

Treasury defends absence of JobKeeper clawback mechanism
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  • Shared by AccountantsDaily
  • March 26, 2021
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As firms face mounting pressure to repay the wage subsidy after reporting boosted earnings, Treasury secretary Steven Kennedy told a Senate economics committee on Wednesday that clawback measures weren’t incorporated into JobKeeper because they didn’t want businesses to be deterred by having to repay subsidies.

Read more at the AccountantsDaily.

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