AGP Executive Report
Last update: 7 hours agoBudget Shockwaves: Australia’s 2026–27 budget is locking in small business relief like a permanent $20,000 instant asset write-off, while the big fight is over tax settings—especially negative gearing, CGT and a new 30% minimum tax on discretionary trusts—sparking warnings that investors may pivot away from residential property. Trust Crackdown: Dozens of federal MPs say they (or family) hold trusts, as the government moves to hit discretionary trusts with a minimum tax, with Coalition MPs signalling pushback. Wage Pressure: The ACTU is urging the Fair Work Commission to lift award wages by 6% for low-paid workers, arguing Trump’s Iran war is fuelling inflation that’s outpacing pay. Workplace Safety: South Australia’s new Workplace Protection Order scheme lets public-facing businesses seek court orders against violent or harassing individuals—plus calls for grants to help retailers harden stores. Hospitality Cashflow: Budget measures also aim to cut compliance time and support investment, with hospitality flagged as a key beneficiary. Small Business Tech: Xero outages hit accountants and small firms during tax time, adding to the week’s operational stress.
Note: AI summary from news headlines; neutral sources weighted more to help reduce bias in the result.
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