Big businesses riding Australia’s COVID-19 recovery should consider repaying excess JobKeeper cash and new stimulus claims shouldn’t go to executive bonuses, ATO second commissioner Jeremy Hirschhorn will tell finance chiefs on Monday.
Amid a growing political debate about waste in the $90 billion wage assistance program, Mr Hirschhorn will tell The Australian Financial Review CFO Live summit that federal budget incentives have seen almost $3.5 billion in new claims, helping firms withstand coronavirus disruption.
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Tom McIlroy is the Financial Review’s Canberra bureau chief based in the press gallery at Parliament House. He was previously the AFR’s political correspondent. Connect with Tom on Twitter. Email Tom at thomas.mcilroy@afr.com
