The needless complexity of the Morrison Government’s JobKeeper wage subsidy has been exposed again, this time by Robert Gottliebsen:
…the BAS turnover measurement was never designed for JobKeeper. It’s a combination of cash sales and invoices for work done. And so, in both March and April, enterprises are sending out invoices for past services to people that they now know have no hope of paying. Accordingly, their real net income will fall 30 per cent because the invoices will not be paid.
But the BAS system treats bad debts differently, so enterprises which are being ravaged by non-payment, such as suppliers to closed restaurants, miss out.
