The proposal would require certain companies who received JobKeeper payments while remaining profitable or paying executive bonuses to repay the total of JobKeeper payments received, over a 10-year period.

The proposal would apply to businesses that received JobKeeper payments and had an annual turnover of greater than $50 million and meet one or more of the following criteria:

• The entity made a profit.
• The entity paid a bonus to an executive of an entity.

This policy would take effect from 1 July 2022.