At least a dozen ASX-listed companies have declined to return JobKeeper payments despite booking millions of dollars in profits last financial year.
More than one dozen ASX-listed companies, including Cochlear, Premier and Tabcorp, have declined to return JobKeeper payments to the government in full despite booking millions of dollars in profits last financial year.by returning $6 million in JobKeeper payments to the government this week, sparking fresh calls for greater transparency around how the multibillion-dollar wage subsidy scheme was deployed.
Solomon Lew’s retailing giant Premier announced in May it would return $15.6 million out of its total of $68.9 million in JobKeeper payments. However, a spokeswoman said there were no plans to return the remainder despite the company forecasting a nearEagers Automotive received $130 million in JobKeeper and has refused to return any, despite making $202.3 million in recent half-year profits, almost four times the sum made before the pandemic.
A spokeswoman pointed to a statement by Accent chair David Gordon who last month said no JobKeeper payments were used in the calculation or payment of management bonuses or shareholder dividends. “This [JobKeeper] enabled the company to keep the majority of its 190 stores open and trading and to provide continued employment for approximately 2,200 team members in challenging and uncertain conditions,” a Best&Less spokesman said.
Senex received around $2 million in JobKeeper payments, which a spokesman said was used to retain its more than 100 employees, adding “we supply essential domestic natural gas to manufacturers who employ thousands more”.
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.
Nasdaq closes at new high but ASX set to slip as iron ore fallsGlobal markets were mostly higher overnight, with the Nasdaq closing at a new high in US trade, but the local share market could be set to fall this morning.
Read more »
COVID jabs the ticket to bringing staff back to officesCompanies including the local arm of US giant Salesforce and ASX-listed Altium are considering making vaccinations mandatory for staff who want to return to the workplace. covid19 vaccines workplace
Read more »
COVID jabs the ticket to bringing staff back to officesCompanies including the local arm of US giant Salesforce and ASX-listed Altium are considering making vaccinations mandatory for staff who want to return to the workplace. covid19 vaccines workplace
Read more »
COVID jabs the ticket to bringing staff back to officesCompanies including the local arm of US giant Salesforce and ASX-listed Altium are considering making vaccinations mandatory for staff who want to return to the workplace. covid19 vaccines workplace
Read more »
JobKeeper went to thousands of companies whose turnover tripled at the height of the COVID-19 pandemicNew data reveals nearly 20,000 companies tripled their turnover yet accrued nearly $370 million in JobKeeper during the first three months of the wage subsidy program.
Read more »
No clawback in JobKeeper because businesses wouldn’t have taken the moneyJosh Frydenberg said the federal government did not include a clawback provision in its JobKeeper program because asking businesses to prove loss of turnover would have delayed the payments. Jobkeeper covid19 auspol
Read more »