Two Sydneysiders made their fortune on the back of short-term loans to cash-strapped customers. JobKeeper helped. Callum Foote reports on executive pay and public subsidies.
Source: Executive bonus bonanza: Afterpay CEOs’ quarter billion pay juiced by Jobkeeper – Michael West
My thought for the day One of the oddities of political polling is trying to understand how 48% to 50% of the voting public would willingly return a party that has governed so abysmally. ( John Lord )
Why Covid-19 in Victoria is rife stimulus is not going to individual survival and anxiety is contagious. Universal benefit not companty benefits are required, (ODT)
Key points:
- When economic conditions are relatively favourable, the number of businesses going into administration is about 8,000 a year
- Despite the COVID crisis, the latest number of businesses folding is below that, raising fears that stimulus measures may be keeping zombie businesses afloat
- There are calls for regulators to be given greater funding to go after companies that may be trading while insolvent
After an initial $60 billion bungle, the JobKeeper figures still don’t seem to be adding up. Tarric Brooker reports.
AS THE CLOCK ticks down toward the conclusion of the Morrison Government’s JobKeeper program – now less than three months away – figures from the Australian Bureau of Statistics (ABS) have raised further questions about how many workers are actually being covered by the policy.
The Victorian Liberal Party is considering asking for federal government JobKeeper payments to keep its staff employed after donations to the party “fell off a cliff” during the coronavirus crisis.
The Liberals, who say they are considering their options, may lodge the claim for economic hardship despite selling their former headquarters for $37 million less than two years ago.
via State Liberals may apply for JobKeeper as virus leaves party finances ailing
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