AGP Executive Report
Last update: 18 minutes agoCGT Shock for SMEs: Australia’s proposed capital gains tax overhaul is under Senate review, with critics warning it could damage investment confidence by replacing the 50% CGT discount with inflation indexation and a 30% minimum tax on gains from 1 July 2027—plus tighter negative gearing rules for new builds. SME Confidence Slides: New Prospa/YouGov data shows SME confidence has “taken a real step back” (60% confident on positive cash flow vs 70% in February), with more businesses delaying investment and 46% raising prices to cope with cost pressure. Superannuation Cost Pressure: CPA Australia is urging Treasury to rethink CSLR levy changes that would shift more costs onto SMSFs, arguing it penalises investors without fixing the upstream causes of losses. Local Business Hit by Costs: The Coolangatta Pie Shop will close after 62 years, blaming rising rents, ingredient costs and competition. Cybersecurity Strategy: The government’s Horizon 2 plan scales cyber maturity across the economy, aiming to reduce real-world impacts as AI-driven threats grow. Digital Receipts for Retailers: 1receipt’s integration with Clover lets Australian merchants deliver barcode-based digital receipts without asking customers for email or phone at checkout. Roadworks Disruption: Queanbeyan’s Monaro Street refresh is delayed again after a century-old stormwater drain issue, extending traffic pain and pushing councils to seek more funding.
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