Trust tax shake-up for small business: Treasurer Jim Chalmers’ draft changes to the 30% minimum tax on discretionary trusts add a workaround that lets some businesses avoid restructuring by fixing future distributions to pre-nominated beneficiaries, but stamp duty and flexibility concerns remain. Workplace rights in focus: A South Australian tribunal ruled a “right to disconnect” case against a salon boss failed, after finding no breach when out-of-hours TikToks and messages were sent—another reminder for SMEs to get boundaries right. Migration pressure on regional hospitality: Albanese’s migration overhaul is drawing warnings from industry that tighter settings could shutter hotels and strain food security if foreign labour dries up. Queensland film incentives under threat: Screen Producers Australia warns cuts to Queensland production incentives will hit small suppliers and local jobs, with other states now competing for shoots. Cashflow stress signals: ABC reports counterfeit cash is increasingly landing with small retailers, pushing more businesses to add safeguards. Tech and finance watch: COSBOA says the discretionary trust draft is better than the original but still flawed; meanwhile, ASX tech names like Xero and WiseTech face renewed valuation pressure as bond yields rise. SME growth and compliance tools: BrightHR launches a Fair Work Act navigator aimed at reducing compliance risk for SMEs, while TwelveLabs rolls out “Compliance by TwelveLabs” to speed video checks. Housing downturn winners/losers: Experts say the sharp price slump mainly benefits upsizers and cash-rich first homebuyers, while auction rates and seller confidence keep sliding.