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Treasury finds $27bn in JobKeeper paid to ineligible businesses

Treasury on Monday (11 October) released a review of JobKeeper that found that $27 billion of the $89 billion wage subsidy was paid out to businesses that didn’t qualify, but defended the scheme’s omission of a clawback mechanism, which the department said would have “scarred” employment and left administrators exposed to being gamed. 

Treasury finds $27bn in JobKeeper paid to ineligible businesses
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  • Shared from accountantsdaily.com.au
  • October 14, 2021
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JobKeeper, which was wound up in March, offered employing businesses $1,500 a fortnight, per employee, to maintain staff headcounts through the earliest – which were then thought to be the worst – stages of Australian lockdowns. 

Read more at accountantsdaily.com.au

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