Private schools ruthlessly rorted JobKeeper

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How did Australia’s elite private schools score hundreds of millions of dollars of JobKeeper dollars without ever ‘shutting down’ and recording giant operating surpluses? From The ABC:

For the first time, the ABC can reveal all 395 non-government schools that reported claiming JobKeeper in 2020 and the amounts they received.

The ABC has also analysed the incomes and surpluses of these schools, which reported accessing $769 million in wage support.

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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.