No business has been fined for rorting JobKeeper despite more than 8000 tip-offs to the Tax Office alleging fraud and 2200 workers found to be on multiple payment applications.
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.
An ATO spokeswoman said no administrative penalties had been applied after JobKeeper reviews but a financial crime taskforce did have 10 cases it was investigating."If an overpayment of JobKeeper is identified, we may decide the overpayment does not have to be repaid, particularly if there was an honest mistake," the spokeswoman said. Recovering overpayments made to people who acted dishonestly might include extra penalties, she added.
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