JobKeeper: Most local car companies unlikely to repay taxpayer handouts
Despite a strong industry recovery at the end of 2020
1 / 4 photos
Australia s biggest car companies are unlikely to follow Toyota’s decision to return millions of dollars in taxpayer-funded JobKeeper payments –
and nor are they obliged to – despite a strong industry recovery at the end of 2020.
Last week Toyota Australia announced it would repay the $18 million in taxpayer-funded employee subsidies it received last year.
Since the announcement, Toyota Australia has insisted its decision was voluntary.
Drive asked Toyota Australia if it was eligible for JobKeeper given one of the criteria was a 50 per cent downturn in business. Figures show Toyota sales dipped by just 0.5 per cent for the calendar year.