Accounting rejects a request from a profitable company to repay JobKeeper

Australian accountant Josh Frydenberg provides subsidies to companies that make a profit while receiving jobkeepers to protect employers and workers from the economic consequences of a CCP virus pandemic. I rejected the request to repay.

ABC report While receiving JobKeeper payments, it shows that approximately 35,000 companies have doubled or tripled their sales compared to the same quarter of 2019.

“Any company that is in a position to repay Job Kepper is welcome,” Frydenberg said. Speaking to Nine Today Show..

He goes on to say: “

Frydenberg emphasized that 98% of the companies that received JobKeeper were SMEs that faced the potential for a major economic downturn as well as the Great Depression.

He said he would oppose the Labor Party’s idea of ​​having small businesses repay jobkeepers. This was initially passed with the support of the Labor Party.

Epoch Times Photo
On April 24, 2019, Shadow Assistant Treasurer Andrew Lee speaks to the media in Belmore, Sydney, Australia. (AAP image / Joel Caret)

Shadow Assistant’s treasurer, Andrew Leigh, is one of the key players seeking repayment of JobKeeper by companies that have experienced increased sales.

“If you want to implement fiscal stimulus … put the money in the hands of low-income workers.” Lee said ABC radio. “The government didn’t do that in this plan, which would allow billions of dollars to flow to millionaire shareholders and millionaire CEOs.”

Two days ago, retail giant Harvey Norman reluctantly repaid some of JobKeeper’s perks under pressure from several months of public opinion.

Lee said the only reason Harvey Norman was under public pressure to return payments was because Harvey Norman was listed on the stock market and needed to disclose details. ..

“But 97% of JobKeeper goes to companies that aren’t listed on the stock market and we don’t know that information,” said Lee. “We are currently fighting the government in the Senate for greater transparency.”

Labor Senator and Independent Senator Rex Patrick passed a Senate motion in early August ordering a list of the names of all companies that received JobKeeper for transparency.

Tax commissioner Chris Jordan and Treasurer opposed this, warning that it could set a dangerous precedent for disclosing personal information without the consent of the company.

The Australian Industry Group and the Australian Chamber of Commerce have requested the Senate to request the listing to be published.

Rebecca Chu