Thousands rorting JobKeeper ignored by ATO

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Thousands of businesses accused of rorting JobKeeper have reportedly been ignored by the Australian Taxation Office (ATO), which has yet to issue even one penalty:

The $70 billion JobKeeper wage subsidy program has potentially been rorted by thousands of businesses but not one has been penalised despite more than 8000 tip-offs to the tax office and 2200 employees found to be on multiple applications for payments.

JobKeeper began on March 30 and until August 26, more than 15,000 businesses have been removed from the scheme after the Australian Tax Office found them to be ineligible. During the same period, the ATO received 8000 tips from the public pointing to 6250 businesses or sole traders who may have been rorting the system.

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About the author
Leith van Onselen is Chief Economist at the MB Fund and MB Super. He is also a co-founder of MacroBusiness. Leith has previously worked at the Australian Treasury, Victorian Treasury and Goldman Sachs.