Companies on JobKeeper accused of paying CEOs hefty bonuses

Australia News News

Companies on JobKeeper accused of paying CEOs hefty bonuses
Australia Latest News,Australia Headlines
  • 📰 9NewsAUS
  • ⏱ Reading Time:
  • 8 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 7%
  • Publisher: 72%

A bonus cheque may be in the mail for Australia Post's executives, but the federal government has called for the highest earners to ditch any multi-million dollar windfalls. 9News

Labor MP Andrew Leigh told 9News that JobKeeper was designed "to save the jobs of low and middle income earners not to pad the pockets of highly paid CEOs".The Star Entertainment group benefited from $64.8 million of JobKeeper. Its CEO received an $830,000 bonus.Its CEO was awarded a bonus of $504,000.

"Frankly Alan Joyce is the sort of boss that belongs in a Charles Dickens novel," TWU assistant national secretary Nick McIntosh said.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

9NewsAUS /  🏆 10. in AU

Australia Latest News, Australia Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Live: More Victorians expected on JobKeeper than rest of Australia combinedLive: More Victorians expected on JobKeeper than rest of Australia combinedThe Federal Government is anticipating Victoria's strict lockdowns will mean the state will have more people on JobKeeper over the next seven months than the rest of the country combined. Follow live.
Read more »

JobKeeper changes are now set in stone — here's what you need to knowJobKeeper changes are now set in stone — here's what you need to knowParliament has signed off on an extension to the $100 billion JobKeeper scheme, meaning recipients will begin receiving a lower rate at the end of the month.
Read more »

JobKeeper and JobSeeker extensions hit the Senate: What the legislation means if you're on benefitsPlans to extend the JobKeeper wage subsidy and increased JobSeeker payments are expected to dominate the debate in parliament this week as it sits for the last time before the October budget.
Read more »

New JobKeeper legislation ‘critical to economic recovery’ passes through parliament | Sky News AustraliaNew JobKeeper legislation ‘critical to economic recovery’ passes through parliament | Sky News AustraliaThe ground-breaking JobKeeper program has passed through the parliament which will see it extended and expanded for another six months.\n\nTreasurer Josh Frydenberg and Industrial Relations Minister Christian Porter announced the passage of the extension of the scheme which is currently supporting more than 3.5 million Australian workers.\n\nThe legislation will see the payment drop to $1,200 per fortnight from September 28, with another decrease scheduled from January 2021 to $1,000.\n\nThis will only apply to workers who recorded at least 20 hours of work a week before the scheme was introduced.\n\nMr Frydenberg also praised the “critical industrial relations flexibility arrangements” as part of the legislation which he said will be “absolutely critical” to Australia’s economic recovery.\n\n“The passage of the legislation tonight is going to give confidence and certainty to millions of Australian workers and provide hope for our economic recovery,” he said.\n\nImage: Getty
Read more »

Changes to the JobKeeper program have passed parliament - this is what it means for youBREAKING: The Federal Government's proposed $100 billion extension to the JobKeeper subsidy program has been signed off by parliament. AusPol 9News
Read more »



Render Time: 2025-04-15 09:09:20