Updated - JobKeeper payments reporting for listed entities

Based on a review of existing disclosures by the top ASX100 listed entities that have lodged financial statements for the June 2021 reporting period, 18 percent have disclosed receipt of JobKeeper payments.

Of the companies to have disclosed receipt of JobKeeper payments, 47 percent fully or partially voluntarily repaid JobKeeper payments received, and 53 percent did not return any JobKeeper payments. While these disclosures have provided some information on JobKeeper payments, the new reporting requirements will provide clear and comparable information across listed entities, including allowing easy comparisons to profitability and executive remuneration. This level of transparency will allow...

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Authors: Kim Heng, Ben Seumahu

Published Date: 20 October 2021