AGP Executive Report
Last update: 7 hours agoRate shock: The RBA lifted the cash rate by 0.25 percentage points to 4.85%, its highest level since 2008. COSBOA says small firms face weaker customer spending, higher borrowing costs and rising household bills, with little buffer. Cyber security: Insurers told MPs cyber cover is getting cheaper and easier to buy, but only about one in five Australian SMEs has a policy. Small businesses are also being urged to get hands-on cyber coaching. Growth and tax: Australia’s small-business strategy should make it easier to employ and expand, while Master Builders warns a proposed 30% tax on discretionary trusts could raise costs for more than 90,000 construction businesses. Retail costs: One in five cafes raised flat-white prices in October, with owners citing rising costs and the end of card surcharges. Creative businesses: Etsy has tightened rules on AI-generated products and automated listings as Australian sellers raise concerns about copied work.
Note: AI summary from news headlines; neutral sources weighted more to help reduce bias in the result. Feedback is welcome. Please let us know if you have any comments or suggestions about the AGP Executive Report.
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