Business
Companies using millions in jobkeeper payments to pay increased dividends to shareholders – The Guardian
Greens senator Peter Whish-Wilson says companies involved should lose jobkeeper eligibility, branding it ‘corporate welfare’
Companies are using millions of dollars in jobkeeper payments designed to keep Australian workers employed during the coronavirus crisis to help pay increased dividends to shareholders, sparking calls for an overhaul of the system.
Stock exchange disclosures show that over the past week retailers Adairs and Nick Scali, and dental chain 1300 Smiles, increased their dividend payouts after receiving jobkeeper funding, and market observers expect additional shareholders to reap similar benefits as …
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