AGP Executive Report
Last update: an hour agoTrust Tax: Labor’s proposed 30% minimum tax on discretionary trusts is heading for a Senate inquiry after small and family businesses raised concerns about costs, succession planning and asset protection. The changes are due from July 2028, with exemptions and carve-outs proposed. Payments and Fees: After a backlash, the ATO will keep accepting credit-card payments until June 2027. Separately, businesses warn the card surcharge ban could push up operating costs and prices. Small Business Pressure: A COSBOA and Square report says owners are keeping businesses going by working longer hours, often with little time to spare. Workplace Changes: Queensland’s proposed workplace law overhaul includes powers to end protected industrial action, drawing concern from unions over worker protections. New Commissioner: Greg Jennings, formerly of Beyond Blue and the Fair Work Ombudsman, has been appointed Victoria’s small business commissioner, with a remit that includes advocacy and dispute resolution.
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