AGP Executive Report
Last update: 12 hours agoCard Payment Costs: The surcharge ban is fuelling a fresh small-business backlash, with a national campaign urging Canberra to act and Labor minister Kristy McBain calling for banks to absorb point-of-sale fees. The ATO has delayed its own credit-card payment ban until June 2027 after small businesses protested; Minister Anne Aly says she learned of the plan when the public did. Trust Tax: Labor is preparing a proposed 30% minimum tax on trusts, raising concern among small businesses that use family trusts for succession planning and asset protection. The Greens say they’ll scrutinise the bill rather than automatically support it. Cash and Hiring: Counterfeit banknotes hit an eight-year high, costing some small operators hundreds of dollars. SMB employment rose 0.8% in September, but annual wage growth slowed sharply to 2.2%, down from 4.5% in August. Queensland Skills: Ipswich small and family businesses can sign up for practical AI, business-planning and workforce-training courses through a new micro-credential program.
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