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13 December 2021
The Australian Securities and Investments Commission (ASIC) has released details of JobKeeper payments received by listed companies and their subsidiaries including insurance businesses.
The ASIC figures show IAG received $288,000 for 46 recipients in the financial year to June 30 2020, which it has repaid, as well as $583,650 for 44 recipients last financial year.
In a news release issued on November 12 IAG said it received JobKeeper payments totalling $871,650 for subsidiaries Carbar Holdings and AssureMe, and the full amount was refunded on October 15.
"Carbar and AssureMe are not wholly owned IAG subsidiaries," the release said. "IAG and its 100% owned subsidiaries did not receive JobKeeper payments."
The ASIC figures list AUB Group as receiving $120,000 for 16 individuals in fiscal 2020 and $322,500 for 21 recipients last financial year.
Other companies to receive JobKeeper include iSelect which received a total of $7.1 million for the two years and Johns Lyng Group, which received a combined $1.85 million.
ASIC says listed entities are required to give a notice to the market operators that discloses the amount of JobKeeper payments they and their subsidiaries received and voluntarily repaid for each financial year.
The payment scheme, which provided a wage subsidy for businesses significantly affected by COVID-19, ended on March 28.