Australian Treasurer Josh Frydenberg has rejected calls for companies that profited while receiving JobKeeper to repay the subsidy which was put in place to cushion business owners and workers from the economic impact of the CCP virus pandemic. The ABC reported that around 35,000 companies had doubled or tripled their turnover, compared to the same quarter in 2019, while receiving JobKeeper payments. “I would welcome any company that’s in a position to pay back JobKeeper to do so,” Frydenberg told Nine’s Today show. He went on to say, “But if you’re putting to me that we should go and change the law, retrospectively, on people that applied and received that support in the middle of an economic crisis—I’d say no to that.” Frydenberg emphasised that 98 percent of the businesses that received JobKeeper were small businesses that faced the potential of a major economic decline similar to the Great Depression. He …
Treasurer Rejects Calls for Profitable Companies to Repay JobKeeper
September 1, 2021
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