Thousands accused of JobKeeper rorts but ATO has not issued penalties Nigelgladstone
The $70 billion JobKeeper wage subsidy program has potentially been rorted by thousands of businesses but not one has been penalised despite more than 8000 tip-offs to the tax office and 2200 employees found to be on multiple applications for payments.
To get onto JobKeeper, employers and sole traders estimate their turnover has, or will likely, fall by 30 per cent or more . For bigger firms, a drop of 50 per cent or more is needed. Businesses are expected to provide evidence of revenue declines.
The ATO warned businesses in June that employers found to have knowingly rorted the system may face fines of up to $126,000, or 10 years in prison. The JobKeeper wage subsidy is a good idea "being badly implemented and poorly monitored", Opposition Treasury spokesman Jim Chalmers said.
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