3 October 2021
As we all wonder at the level of corporate rather than individual fraud, a Federal review of JobKeeper found that 31% of recipients who triggered compliance checks were ‘not eligible at all’. This was after a survey of 13% of the recipient companies.
The ATO seems reluctant to say who they were or how much. 31% of the recipients may not mean 31% of the $89 billion given out.
Only $194 million has been repaid (which is around 0.2%) of the total payout.
The Government response contrasts starkly when compared to the amount of attention that went to Robodebt, where welfare recipients received relatively small amounts of money. The ATO is very concerned about the confidentiality of Tax records, but this is not tax records, it is money given out.
6 March 2021
It seems that while JobKeeeper did help employees, some businesses did not actually need it, but got it anyway. Now it is ‘moral issue’ that they give it back- that is to say it is voluntary. If they have already taken it as executive bonuses or shareholder dividends it is probably not refundable.
The welfare recipients who had spent money and were accused retrospectively of Robodebt could not repay it either, but were hounded till the end. All that will happen to the big end of town is a few days of newspaper articles.
It is surely a reasonable principle that if taxpayers’ money is given away there should be monitoring of where it goes. If it was too hard to set up a monitoring system quickly, the obvious solution would be to make a regulation that it had to be used for purpose and would be checked and there would be prosecutions if it were misused. This would have allowed follow up, a few prosecutions and majority compliance. This government seems incapable of any sensible management of anything, unless you think that deliberately handing money to mates is an unwritten policy.
Now even small businesses are annoyed.
27 May 2020 Call me old fashioned but I really believe in lifetime public servants paid a reasonable wage to do an honest job. They do not need ‘incentives’, ‘bonuses’, ‘commissions’ or other gimmicks. Salesmen have always rather revolted me when they judge everyone by how much commission they made on their sales, as some […]