Frydenberg proves a Harvard MBA isn’t always money well spent just spent. He was warned and warned by supposedly lesser educated men.
The Australian Tax Office also warned Frydenberg in July 2020 that big businesses and tax agents were “amending” prior sales records to potentially help them qualify for wage subsidies during the pandemic. It wasn’t until October that the eligibility criteria was tightened. The revelation is contained in a ministerial submission from the ATO’s deputy commissioner, James O’Halloran. It was produced under freedom of information and first reported in the Australian Financial Review.