From today, Jobkeeper information required to be disclosed by listed entities will be publicly available on ASIC’s website.
Under the new Jobkeeper disclosure requirements, all listed entities that received a Jobkeeper payment must provide a notice to the market operator outlining:
- the listed entity’s name and ABN;
- the number of individuals for whom the entity or its subsidiaries received Jobkeeper payments each fortnight that ended in the financial year;
- the total amount of Jobkeeper payments the entity and its subsidiaries received in a Jobkeeper fortnight that ended in the financial year;
- whether or not the entity or its subsidiaries made voluntary repayments of Jobkeeper payments, and the total amount of those repayments if they did.
ASIC’s Jobkeeper report consolidates this information. The report will be updated at the beginning of each month and will capture information disclosed to the market through to the end of the previous month. The report published today captures Jobkeeper information disclosed up until 30 November 2021.
Listed entities are responsible for ensuring that information disclosed in their Jobkeeper notices is up-to-date and accurate.
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Background
Jobkeeper was a temporary wage subsidy program for businesses significantly affected by COVID-19. The scheme commenced on 30 March 2020 and finished on 28 March 2021.
The new Jobkeeper disclosure requirements for listed entities commenced on 14 September 2021. ASIC created a Jobkeeper notice to help listed entities comply with their obligations, which is available on ASX and NSX’s website. ASIC has also issued guidance to assist listed entities to with completing the Jobkeeper notice.
ASIC is required under s323DC to publish a consolidated report on its website of all the Jobkeeper notices given to the market operator under s323DB.