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 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
Brad Thompson writes across business and politics from Western Australia for The Australian Financial Review. Brad is based in our Perth bureau. Connect with Brad on Twitter. Email Brad at brad.thompson@afr.com
