Treasurer Rejects Calls for Profitable Companies to Repay JobKeeper

Australian Treasurer Josh Frydenberg during a press conference in the Blue Room at Parliament House in Canberra, Australia, on June 2, 2021. Sam Mooy/Getty Images

Australian Treasurer Josh Frydenberg has rejected calls for companies that profited while receiving JobKeeper to repay the subsidy which was put in place to cushion business owners and workers from the economic impact of the CCP virus pandemic.

The ABC reported that around 35,000 companies had doubled or tripled their turnover, compared to the same quarter in 2019, while receiving JobKeeper payments.