Jobkeeper crackdown cuts 9,000 Australian businesses off from further payments
A crackdown on jobkeeper compliance has cut off 9,000 businesses who had been receiving the wage subsidy, as accountant groups and small business advocates warn that tough eligibility requirements which exclude recent start-ups could stifle entrepreneurship and halt “Australia’s next Atlassian”.
The warning of a potential lull in new businesses comes after an earlier alert, first issued by members of the National Tax Liaison Group to Treasury in June, that a technicality in the jobkeeper legislation threatened “financial and emotional” hardship for thousands of newly established sole traders who recently started businesses.
