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Second Reading Speeches

Coronavirus Economic Response Package Amendment (Ending Jobkeeper Profiteering) Bill 2021

Type
Private
Sponsor(s)
MCKIM, Sen Nick
Originating house
Senate
Status
Before Senate
Parliament no
46

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Summary

Amends the

Coronavirus Economic Response Package (Payments and Benefits) Act 2020
to: delay businesses with an annual turnover of more than $50 million from claiming GST credits for ten years, or until they pay back the amount of Jobkeeper payment they received equal to the amount of profits made and/or executive bonuses paid during the financial year in which the entity received the payment; and require the Australian Taxation Office to publish a list of all entities with an annual turnover of more than $50 million in receipt of Jobkeeper payments and how much each entity received.