JobKeeper: ATO compliance on “schemes”
Businesses that have applied for the JobKeeper now have some certainty on the integrity provision contained in the legislation. The ATO has released details of its administrative approach, in particular when it will apply compliance resources to investigate whether there has been breaches of the law. In general, it notes that resources will only be applied to “schemes”, the determination of which would depend on individual circumstances. Where the ATO determines there has been a scheme, it has powers to claw-back payments and impose significant penalties.
