How JobKeeper turned into ProfitMaker

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Tasha May has shone a bright light on the pandemic rorting at the top end of town, which have used and abused the JobKeeper wage subsidy to line their pockets:

JobKeeper is the single largest piece of government spending in the country’s history. Yet despite taxpayer funding this hundred billion dollar wage subsidy, there is no public database to see whether JobKeeper is being used appropriately…

A report from governance advisory service Ownership Matters reveals four kinds of appalling activity by business.

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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.