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The great JobKeeper rort has been exposed again with developer AV Jennings banking $4.3 million in wage subsidies despite its annual profit soaring by 107%:
The ASX-listed company has confirmed it will not repay JobKeeper, despite booking $27.7 million in profits since dipping into the taxpayer purse between April and September last year…
But its investors and executives are enjoying a huge payday.
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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.
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