(Refer to TREASURY OIA RESPONSE FEBRUARY 2021) ADVICE TO MINISTER OF FINANCE 21 March 2020 REGARDING REMOVING CAP OF $150,000 Description: This paper proposes options for Cabinet to: Remove the cap of the existing Covid-19 wage subsidy scheme to increase the coverage of the scheme to more employees in larger firms. Treasury supports the expansion […]
Advice on potential waste and fraud Read More »
Statistics show that wage subsidies were paid for more workers in some industries than the number officially recorded. Tourism and hospitality businesses were far more badly affected than other businesses but many were able to make up their lost revenue after the lockdown and some repaid the wage subsidy. Inner city cafes and restaurants were
Examples of widespread overpayments and abuse Read More »
The following have previously commented on abuse of the wage subsidy and the need for repayments to be made: Jilnaught Wong, Accounting Professor at Auckland University has made numerous comments on the need for repayment of the wage subsidy by those not entitled to retain it. J.wong@auckland.ac.nz Phone (09) 923 8528 Robert MacCulloch, Business School
Academic Commentators Read More »
