Auditor General to probe JobKeeper rorting

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Labor MP Andrew Leigh says the federal government’s JobKeeper wage subsidy scheme should be subject to proper scrutiny. He has accused the government of being “extremely secretive” about the scheme, claiming it has refused to disclose how much was paid to companies that increased their profits in 2020 or paid bonuses to their executives. Leigh has urged profitable companies to return their JobKeeper payments, after companies such as Toyota and Super Retail Group agreed to do so.

The Australian National Audit Office (ANAO) has also flagged an audit of the $100 billion scheme.

From The Guardian:

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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.