Shame on companies that use JobKeeper subsidy to pay executive bonuses

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The Herald's View: Some companies have returned JobKeeper payments which they did not need but others are failing the test of corporate social responsibility

Since the coronavirus pandemic hit last March, the federal government’s $90 billion JobKeeper wage subsidy scheme has helped about 500,000 businesses and more than 3.6 million workers keep their heads above water.

Toyota Australia has voluntarily given $18 million back to the Australian Tax Office. Super Retail, which operates Rebel and BCF stores, has handed back $1.7 million and on Wednesday, Iluka Resources said it was giving back $13 million. They say they have fully complied with the rules. This may be true but it is not good enough. For one thing, the federal government intentionally made the criteria loose, especially in the first few months, because it wanted to stimulate the economy quickly.

In any case, whatever the letter of the rules, JobKeeper was supposed to help employers cover the cost of wages, not to pay bonuses and big dividends to the billionaires who own Premier, Crown and Harvey Norman.Even the Business Council of Australia has said it is a bad look for a company wanting to show it is playing its part in this crisis.

 

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Name and shame all of them and then boycott where we can

Apply robodebt to these companies gaming the system

stephanieando Slomo’s government is useless

Are their CEOs all buddies of Josh?

slpng_giants_oz

Simple fix, publish the list of what companies received handouts and paid dividends and or exec bonuses and let the public decide where to spend their money. Shame companies like Nic Scali into doing the right thing

Corporate social responsibility.....lol. Their eyes light up whenever the government announces a hand out.

' Corporate social responsibility ' deeply amusing while sounding very serious.

What did anyone expect? Something different? Just remember trickle down works and welfare is bad but taking money for workers and company growth and using to trickle up is good. Scomo has no idea.

Robodebt them. Surely. We are all equal.

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