Billions of taxpayer dollars wasted on booming business during COVID bailout | 60 Minutes Australia
5,909Subscribe here: http://9Soci.al/chmP50wA97J Full Episodes: https://9now.app.link/uNP4qBkmN6 | Cashing In (2021)
There’s no such thing as free money, right? Wrong. At the start of the COVID pandemic last year, the federal government had to take urgent action to avoid economic oblivion. It came up with the JobKeeper scheme; a great success that gave struggling businesses billions of dollars to pay their workers. 700,000 jobs were saved, but more than 150,000 companies that weren’t in trouble – many of them actually thriving – still stuck their hands out and received 13 billion taxpayer dollars. They didn’t need it; it was money for nothing. What the businesses were doing wasn’t illegal and they’re allowed to keep the cash, but is it fair?
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For forty years, 60 Minutes have been telling Australians the world’s greatest stories. Tales that changed history, our nation and our lives. Reporters Liz Hayes, Tom Steinfort, Tara Brown, Liam Bartlett and Sarah Abo look past the headlines because there is always a bigger picture. Sundays are for 60 Minutes.
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