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ARTICLE · 04 DECEMBER 2020

Jobkeeper overpayments and the ATO

Recently an ATO JobKeeper overpayment article was released to give guidance as to how the ATO views a recovery process.

AustraliaCoronavirus (COVID-19)

WHO BECOMES LIABLE AND WHEN?

It's probably fair to say that never in Australian history have we seen so much Federal and State Government financial support being given to business to help avoid massive job loss and in turn maintain a stable social order-than during 2020. It is probably also fair to say that the current government in its wisdom has taken on unprecedented levels of debt to support this process, which in turn will have to be paid back at some point in time. While this article doesn't focus on where all of the funds will come from, we can already see little veins of recovery processes starting to appear in the Australian Taxation Office's (ATO) media updates, no doubt being pushed along by Treasury.

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