Gross Financial mismanagement

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EA01
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Gross Financial mismanagement

#1 Post by EA01 » Sat Aug 28, 2021 10:14 am

Do these idiots not know when a right leaning gummint disperses tax payers money to wealthy individuals, it stops being 'welfare', how else are they going to pay themselves bonuses without tax payers funds! Do they think it is Bushwackers week?.....Say what you will about gross financial mismanagement by 'the left', the right are no strangers to it either, especially when it comes to those who do not actually need it!!



Labor frontbencher Andrew Leigh has blasted the government's mismanagement of JobKeeper, declaring the $98 billion scheme "funded bonuses for millionaire CEOs".

Mr Leigh's comments came amid calls for businesses who profited from the wage subsidy program pay back the excess.



It came as NSW has reached a grim new Covid-19 case record, with 1035 new infections and two deaths confirmed in the 24 hours to 8pm last night.

Health Minister Brad Hazzard also announced a surprise easing of restrictions around weddings.

From 12.01am on Friday September 3 couples will be able to get married with a limit of five guests in attendance, in addition to those "necessary for the actual service".

"So those officiating and perhaps a photographer to record the event, we will work through that during the course of the week but I want people to know that if you do wish to get married, you certainly can as of Friday of this week," Mr Hazzard said.

Victoria recorded 64 new Covid-19 cases overnight, increasing fears the state's lockdown will be extended beyond September 2.

Follow along below for more NSW's updates. You can find yesterday's blog here.

3:49 pm
August 28, 2021
HIGHLIGHT
Call for businesses to pay back JobKeeper
Alex Blair
Alex Blair

New data has revealed a majority of Aussies want businesses who used JobKeeper to grow profits to pay back their stimulus cheques.

The 2020 program was Australia's biggest wage subsidy package to date, costing the government upwards of $98 billion.

As the country went under its first major coronavirus lockdown, businesses received $1500 a fortnight to cover wages. Businesses needed to estimate at least a 30 per cent loss throughout the period to be eligible for the scheme.

A poll conducted by the Sydney Morning Herald revealed 38 per cent of responders strongly agreeing with businesses being forced to pay back cash they did not need. 27 per cent said they agreed, while just 9 per cent opposed.

Labor frontbencher Andrew Leigh blasted the government's mismanagement of funds, declaring the scheme "funded bonuses for millionaire CEOs".

“JobKeeper overpayment is the single biggest waste of money in Australian history, and the Morrison government won’t do a thing to make it right,” he said.

“The Morrison government is yet to explain how giving money to firms with rising earnings saved a single job. Bucketloads of taxpayer money funded bonuses for millionaire CEOs and dividends for billionaire shareholders.”

Independent Rex Patrick echoed Mr Leigh's sentiments, declaring businesses that "abused the taxpayers’ goodwill should pay it back".

"Some businesses took it, improved their profits and then paid larger dividends to their shareholders and bonuses to their executives,” he said.

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