Firms handing back millions in coronavirus wage subsidies have sparked calls for an inquiry into corporate profits and executive bonuses linked to the $90 billion JobKeeper scheme.
Mineral sands miner Iluka Resources became the latest JobKeeper recipient to voluntarily pay back subsidies on Wednesday, after it recorded a recovery in key markets. The Perth-based company said it would return $13.6 million, cash it received after a big drop in zircon demand as COVID-19 took hold in China at the start of last year.
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Tom McIlroy was the Financial Review’s Canberra bureau chief.
Brad Thompson was a reporter at The Australian Financial Review
