A review of JobKeeper found up to $27 billion went to businesses who were not as impacted by the pandemic as they feared.

The Federal Treasury found the $89 billion wage subsidy program was instrumental to saving millions of jobs and small businesses.

By September almost 25 percent of those on the scheme did not have to pay staff wages out-of-pocket as a result of the program.

However it has come under fire for providing cash to businesses that reported a revenue increase.

The Treasury claims a clawback mechanism would have “perversely” encouraged businesses to reduce their activity to qualify for financial support.

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