Treasury defends absence of JobKeeper clawback mechanism

The Senate economics committee has heard that while the Morrison government considered JobKeeper clawback measures, it opted to proceed without them.

by | 25 Mar, 2021

As firms face mounting pressure to repay the wage subsidy after reporting boosted earnings, Treasury secretary Steven Kennedy told a Senate economics committee on Wednesday that clawback measures weren’t incorporated into JobKeeper because they didn’t want businesses to be deterred by having to repay subsidies.

Read more at the AccountantsDaily.

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