21 companies promise to return $297 million in JobKeeper: Who are they?

·3-min read
Australian $100 notes fanned out and the skyline of the Sydney CBD.
So far, 21 of 75 ASX listed companies have promised to return JobKeeper payments (Source: Getty)

The Federal Government’s JobKeeper program was praised by business leaders as a way to keep workers tied to their jobs when lockdowns first hit the nation.

But, with many businesses able to continue online services, and many Aussies have extra cash and time for home improvements, many companies actually had bumper years.

In response to public pressure, 21 of the 75 publicly listed ASX companies have promised to return the funds.

Here are the 21 companies that have promised to return the money. These numbers are from July 6 2021, except Domain, which announced on 17 August it would return JobKeeper.

Premier Investments (PMV.AX)

Received $76.4 million

Returned $15.6 million

Cochlear (COH.AX)

Received $46.2 million

Returned $23.1 million

Qube Holders (QUB.AX)

Received $30.3 million

Returned $16.8 million

CIMIC Group (CIM.AX)

Received $20 million

Returned $20 million

Mirvac Group (MGR.AX)

Received $19 million

Returned $10.5 million

SEEK (SEK.AX)

Received $18 million

Returned $9.8 million

Sims Limited (SGM.AX)

Received $14 million

Returned $7.5 million

Healius Limited (HLS.AX)

Received $14 million

Returned $1.3 million

Iluka Resources (ILU.AX)

Received $13.6 million

Returned $13.6 million

Ingenia Communities Group (INA.AX)

Received $9.5 million

Returned $1.7 million

Nick Scali (NCK.AX)

Received $7.1 million

Returned $3.56 million

Collins Foods (CKF.AX)

Received $4.2 million

Returned $1.8 million

Santos (STO.AX)

Received $4 million

Returned $4 million

Super Retail Group (SUL.AX)

Received $3.2 million

Returned $1.7 million

ALS Limister (ALQ.AX)

Received $3.5 million

Returned $2.45 million

Nine Entertainment (NEC.AX)

Received $2.6 million

Returned $2 million

Dominos Pizza (DMP.AX)

Received $800,000

Returned $800,000

Lynas Corp (LYC.AX)

Received $2.02 million

Returned $1.02 million

Blackmores (BKL.AX)

Received $3.4 million

Returned $2.4 million

ADBRI Limited (ABC.AX)

Received $200,000

Returned $200,000

Domain (DHG.AX)

Received $11.9 million

Returned $6.5 million

Companies not forced to disclose JobKeeper

Big companies are not forced to reveal how much they received in JobKeeper wage subsidies after a push for greater transparency was defeated in parliament.

Independent senator Rex Patrick in early August amended a federal Government bill for new coronavirus financial support to include JobKeeper disclosure requirements for companies earning more than $10 million.

But the coalition used its lower house numbers to defeat the change and Labor voted with the government in the Senate.

Centrelink goes after individual Aussies

This comes after Centrelink sent debt letters to nearly 12,000 Australians on welfare payments ordering them to pay back debts worth a total of nearly $33 million.

The debt recovery comes after the agency deemed they were actually ineligible to receive the payments, or were overpaid.

Services Australia told Senate Estimates that it had raised debts with at least 11,771 people after a review into income payments, including JobKeeper payments.

Follow Yahoo Finance on Facebook, LinkedIn, Instagram and Twitter, and subscribe to the free Fully Briefed daily newsletter.

Our goal is to create a safe and engaging place for users to connect over interests and passions. In order to improve our community experience, we are temporarily suspending article commenting