Biggest profitable firms bank $1.1b in JobKeeper cash
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More than 60 of Australia’s biggest companies shared at least $1.15 billion in JobKeeper payments before reporting significant profits, new Parliamentary Budget Office costings show.
As the Greens launch a new push for firms reporting big profits and paying executive bonuses to be required to repay taxpayer-funded COVID-19 assistance payments, the minor party sought costings on payments to companies including major retailers Harvey Norman, Kathmandu and Accent Group.
JobKeeper is credited with helping millions of workers stay connected to their employer during the disruption of COVID-19.
Louie Douvis
Promising a name and shame campaign, Greens leader Adam Bandt will seek to amend next week’s budget to require repayments from 65 firms, minus 30 per cent for tax already paid.