Santos today lodged its JobKeeper payments disclosure as required by section 323DB of the Corporations Act 2001.
The Treasury Laws Amendment (2021 Measures No. 2) Act 2021 amended the Corporations Act to impose an obligation on listed entities to give a notice to ASX disclosing specific information about JobKeeper payments they received.
As already disclosed in Santos’ 2020 Annual Report released in February 2021, at the onset of the COVID-19 pandemic in early 2020, Santos sought to act to protect its balance sheet, cash flows and retention of its permanent employees. As a precaution, Santos applied for and received A$4 million in JobKeeper payments from the Australian government.
Once it became clear that the impact of COVID-19 on Santos would be less than expected, Santos repaid the amount in full to the government in December 2020.
Santos has not received any JobKeeper payments in 2021.
JobKeeper payments disclosure form attached.