earlier this year, where the billionaire was adamant about his decision to hold on to the funds in case they were needed to pay staff through future lockdowns.
However, sales performance at the company’s stores following the lockdowns upon reopening had “fully offset the cost of supporting our teams”, meaning the JobKeeper funds were not required.“The Premier Board, having regard to these outcomes, combined with the success of the Commonwealth and State Government’s management of COVID-19, has determined that it is now appropriate to refund the net JobKeeper benefit of $15.6 million to the Australian Tax Office,” the company said.
At the business’s half-year result, Premier reported a profit of $188 million, nearly double its profit in the prior corresponding half. It also declared a 34 cent per share dividend.The $15.6 million in JobKeeper set to be repaid by Premier is not the total amount claimed by the retailer during COVID-19, with the company’s 5500-odd Australian employees eligible for nearly $110 million of the stimulus payments.
“Premier Investments hasn’t disclosed its full JobKeeper receipt, but it could be as much as $110 million. Given the extraordinarily profitable year they’ve just had, nothing less than full repayment is appropriate,” he said.
domp
domp PayItBackLew All Of It ! PayItBackGerry All Of It ! PayItBackDonorKeepers !!!
domp Fabulous news. There’s a leader ScoMo.
domp About bloody time
blscarlett domp Solomon Lew having more scruples than Gerry Harvey wasn’t where I thought I’d start Monday.