How a company controlled by one of Singapore's richest families legally pocketed JobKeeper

Its accounts note that the downturn expected in construction never eventuated over 2020-2021, and it was allowed to continue to operate nationally despite lockdowns in major states.

Its accounts also note: "The Group has and is expected to continue to benefit from significant Government investment and spending initiatives to stimulate the economy to counter the effects of COVID-19." It states that "the financial effect of this dividend has not been brought to account in the financial statements for the year ending March, 31 2021 and will be recognised in the subsequent financial reports".The accounts also show Tutt Bryant paid accounting firm KPMG $423,313 for audit and compliance services and had $18.6 million cash in the bank in 2021.

Mr Leigh will ask ASIC, which will appear before the House Economics Committee, why it has not enforced disclosure requirements rigorously enough.

Legally .... and what's illegal about it? Morally does not break the law.

What a fn cluster.

BS, Rich Businesses subsidised with JobKeeper of 13B$, but poor welfare recipients are forced 2 repay 33M$. Shows Scumo's LNP govt in Action. 1 Rule 4 Poor Welfare Receipents & Another 4 Rich Businesses, who didn't,t even need it!!!

Canada Canada Latest News, Canada Canada Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

JobKeeper greed dents companies’ social licence to give health adviceDay after day, more undeserving recipients of JobKeeper payments are uncovered. The demonstrated avarice poses a credibility dilemma as companies now call on their workers to do the right thing in the pandemic.
Source: smh - 🏆 6. / 80 Read more »

JobKeeper greed dents companies’ social licence to give health adviceDay after day, more undeserving recipients of JobKeeper payments are uncovered. The demonstrated avarice poses a credibility dilemma as companies now call on their workers to do the right thing in the pandemic. | OPINION covid19 JobKeeper vaccines ... Galling too are those organisations whose revenues didn’t fall by the qualification amount yet stood employees down anyway, seeing the pandemic as an opportunity to write a chunk of leave entitlements off the GL while impacted employees got nothing from the government.
Source: theage - 🏆 8. / 77 Read more »