Businesses’ JobKeeper earnings made public from today – World News

Businesses’ JobKeeper earnings made public from today

Every publicly listed company that has received JobKeeper during the pandemic must disclose its income from the scheme starting today.

Every publicly listed company that receives JobKeeper during the COVID-19 pandemic will have to publicly disclose its earnings from the scheme starting Tuesday.

The Australian Securities and Investments Commission announced on Tuesday that mandatory disclosures from businesses that receive JobKeeper will be publicly listed on ASIC’s website.

The $101bn payment plan was set up to help businesses stay afloat during the COVID-19 pandemic.

But the plan ran into controversy when it was revealed that large companies actually turned a profit during the pandemic thanks to taxpayer-funded initiatives.

Under the new ASIC disclosure requirements, all publicly listed companies that receive JobKeeper are required to openly disclose the total amount they have received, the number of employees they have received, and whether they have made voluntary payments of payments. But should be announced.

more to come

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