Business
Listed companies pocket $1.8 billion in JobKeeper payments – The Sydney Morning Herald
Almost 40 per cent of the companies that received the JobKeeper subsidy also paid out bonuses, totalling $24 million for the year, to executives.
Nearly one-third of Australia’s largest listed companies have pocketed $1.8 billion in government subsidies during the COVID-19 crisis, with the JobKeeper wage subsidy scheme accounting for more than half that amount.
A total of 81 companies received government subsidies, comprising of $934 million in JobKeeper and $850 million of other countries’ subsidies or other government programs, according to a report by governance firm Ownership Matters.
Treasurer Josh Frydenberg’s JobKeeper scheme has…
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