Thursday, 29 October 2020
Questions without Notice
My question is to the Treasurer: Treasurer, is it acceptable for Premier Investments to pay its chief executive, Mark McInnes, $2.5 million while receiving wage subsidies paid for by the taxpayer?
As the honourable member will know, the same question was put to the Governor of the Reserve Bank, effectively, when he was at a parliamentary hearing recently. He pointed out that we want our companies to be profitable. But JobKeeper had a specific test, and the JobKeeper test was about turnover reductions. It was about turnover reductions, and businesses across Australia have been benefitting from JobKeeper and keeping people employed. When it comes to whether or not businesses have complied with that test, they are matters for the ATO. They will be followed up. But, when it comes to JobKeeper, it's been a very successful program, supporting more than 3½ million Australian workers.
Dr Chalmers interjecting—