Jobkeeper Rorts

Treasurer Josh Frydenberg's JobKeeper scheme has helped out Australia's largest listed companies to the tune of $1.8 billion. To get onto JobKeeper, employers and sole traders estimate their turnover has, or will likely, fall by 30 per cent or more (if turnover is under $1 billion). For bigger firms, a drop of 50 per cent or more is needed. Businesses are expected to provide evidence of revenue declines. The ATO has told more than 8000 businesses they may need to repay JobKeeper money because their paperwork did not adequately demonstrate their eligibility………. https://www.smh.com.au/national/thousands-accused-of-jobkeeper-rorts-but-ato-has-not-issued-penalties-20200911-p55upc.html?utm_medium=Social&utm_source=Twitter#Echobox=1600031785