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Australian retail giant Premier Investments says it will reimburse the $15.6 million in unused JobKeeper subsidies after reporting massive profits.
The group kept accrued JobKeeper payments as ‘insurance’ to cover employees impacted by snap lockdowns, but found those taxpayer funds were “ultimately not required”.
Labor MP Andrew Leigh says the reimbursement “should be just the start” given the group’s massive profits.
Australian retail giant Premier Investments says it will handball some $15.6 million of unneeded JobKeeper payments back to the Australian Tax Office, after the group triumphed through COVID-19 restrictions and almost doubled its half-yearly profits to $188 million.