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The 15 companies that took the most in JobKeeper

·Personal Finance Editor
·2-min read
A sign on a Centrelink building about JobKeeper payments and a person taking money out of a wallet.
ASIC has released the list of ASX-listed companies that took JobKeeper payments. (Source: Getty)

The complete list of Australian companies that took advantage of the Government JobKeeper scheme has been released, including how much money they received and whether or not they have made any repayments.

The list was released by the Australian Securities and Investments Commission on Tuesday, and features some expected companies, and some other less expected.

Qantas topped the list, unsurprisingly, with border closures weighing heavily on the airline which had its operations heavily reduced.

Other travel-centric companies like Flight Centre and Helloworld also make an appearance, while businesses that rely heavily on travel like Star Entertainment and Crown Resorts also get a mention.

Here are the top 15 companies that received JobKeeper and how much they received in the year from 1 July 2020 to 30 June 2021.

  1. Qantas - $695,538,500

  2. Crown Resorts - $198,341,400

  3. Flight Centre Travel Group - $152,045,750

  4. Mosaic Brands - $96,526,800

  5. The Star Entertainment Group - $94,975,350

  6. Myer Holdings - $77,037,000

  7. Event Hospitality & Entertainment - $61,531,500

  8. Premier Investments - $46,545,907

  9. Seven West Media - $33,385,500

  10. Southern Cross Media - $31,570,200

  11. Australian Clinical Labs - $31,281,000

  12. Millennium Services Group - $24,658,500

  13. Regional Express Holdings - $24,150,300

  14. Helloworld Travel - $23,224,050

  15. Cochlear - $23,100,000

Out of the top 15, only four had repaid all or some of the money they took in. Cochlear and Australian Clinical Labs both returned the full amount while Mosaid Brands returned over $2 million and Premier Investments returned $15.6 million.

The data only covers companies that are listed entities so it is unknown how much money privately-owned companies claimed in JobKeeper payments.

JobKeeper controversy

Back in August this year, 21 ASX-listed companies vowed to return JobKeeper after public pressure started to mount when it came to light some companies which had accepted the Government scheme actually had bumper years.

Combined, those 21 companies promised to return around $297 million in JobKeeper funds.

Then, in September, the Australian Taxation Office (ATO) confirmed it would not be pursuing $180 million in wrongfully awarded JobKeeper payments.

ATO Commissioner of Taxation Chris Jordan told the Economics Committee that small businesses which received overpayments due to an honest mistake will not be chased.

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