Advertisement
Australia markets closed
  • ALL ORDS

    8,153.70
    +80.10 (+0.99%)
     
  • ASX 200

    7,896.90
    +77.30 (+0.99%)
     
  • AUD/USD

    0.6518
    -0.0018 (-0.28%)
     
  • OIL

    83.11
    +1.76 (+2.16%)
     
  • GOLD

    2,254.80
    +42.10 (+1.90%)
     
  • Bitcoin AUD

    108,833.62
    +2,673.23 (+2.52%)
     
  • CMC Crypto 200

    885.54
    0.00 (0.00%)
     
  • AUD/EUR

    0.6035
    +0.0005 (+0.08%)
     
  • AUD/NZD

    1.0905
    +0.0025 (+0.23%)
     
  • NZX 50

    12,105.29
    +94.63 (+0.79%)
     
  • NASDAQ

    18,254.69
    -26.15 (-0.14%)
     
  • FTSE

    7,952.62
    +20.64 (+0.26%)
     
  • Dow Jones

    39,807.37
    +47.29 (+0.12%)
     
  • DAX

    18,492.49
    +15.40 (+0.08%)
     
  • Hang Seng

    16,541.42
    +148.58 (+0.91%)
     
  • NIKKEI 225

    40,168.07
    -594.66 (-1.46%)
     

$15m stimulus fraud linked to day care

A concept image showing a one hundred australian dollar banknote used as bait attached to a treble fishhook and fishing line on an isolated white background
Image: Getty

More than $15 million in COVID-19 stimulus payments has been defrauded from taxpayers by the operators of a day care centre, police say.

Raids across Melbourne and Sydney have led to multiple arrests, including a 42-year-old woman identified as the company owner.

"Five members of the alleged network, accused of conspiring with family day care providers, were arrested," federal police said on Saturday.

Among those arrested were women aged 28 and 31, both named as day care centre "educators".