AGP Executive Report
Last update: 39 minutes agoCGT shake-up for SMEs: Labor has lifted the 50% active-asset CGT discount turnover threshold from $2m to $10m and added a new Innovative Business CGT Concession for eligible start-ups (with details still being finalised), after business backlash over the original “death tax” style reforms. Senate pressure: The Economics Legislation Committee has recommended the bills pass, but the Coalition says the process was rushed and warns of higher compliance costs and reduced investment. Business reaction: ACCI and other groups called the package inadequate, while CPA Australia flagged potential gaps (including how some assets may be treated). NDIS funding fear: On the Gold Coast, an NDIS participant’s mother says social/community participation funding cuts are leaving families worried about how people will “do life.” Workplace reality check: Employment law experts push back on One Nation claims that employers “can’t sack” workers, saying dismissal is possible with proper process. Local growth & infrastructure: WA’s $55m Advanced Manufacturing Technology Hub in Picton is moving ahead, and Queensland is progressing upgrades to the Bruce Highway/Buxton Road intersection for safer access and freight efficiency.
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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