‘Incompetent’: Frydenberg attacked over jobkeeper after profit warnings from ATO revealed

Federal treasurer warned in 2020 about the revenues of hundreds of big businesses claiming wage subsidy

Labor has attacked Josh Frydenberg over the handling of jobkeeper, after it emerged the treasurer was warned last year that 950 businesses on the scheme had made revenues during the pandemic that were significantly" different from their projections.

The Australian Tax Office also warned Frydenberg in July 2020 that big businesses and tax agents were amending" prior sales records to potentially help them qualify for wage subsidies during the pandemic. It wasn't until October that the eligibility criteria was tightened.