Should you payback JobKeeper if you were lucky and recovered post March?

There is growing pressure for those lucky businesses, who after suffering a fall in revenue in March 2020, went on to have revenue and profit growth afterwards, to payback JobKeeper to the government (even though there is no legal requirement to do so).

If your business is likely to suffer some reputational damage as a result of the position you find yourself in, it would be worthwhile to consider repaying some or all of JobKeeper.

But I would not be paying this to the gov’t. Instead, I would be paying it to your customers and operational staff.

If you think about this, it is not the gov’t who gave you the revenue and profit recovery/growth. It was your customers who bought you products/services and your operational staff who delivered these products/services. It is these people who you should be rewarding.

And you can do this in clever ways. For example, pick another business such as tourism or hospitality business that has been adversely impacted by the shutdowns and give your customers and staff vouchers to spend at those businesses. This will both reward your customers and staff and help save another business and their staff.

Do you have any other ideas of how business can use this money?

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