AGP Executive Report
Last update: 12 hours agoATO Payment Reprieve: The government has delayed the ATO’s credit-card payment ban until 30 June 2027, after small businesses warned the November deadline threatened cash flow. The delay comes with extra funding and consultation, but the ban has not been scrapped. Surcharge Costs: With card surcharges now banned, businesses must absorb processing fees or build them into prices. A Bundaberg retailer estimates the change could add more than $13,000 a year to her costs. Hiring and Pay: September payroll data showed hiring rose 0.8% in the month, but momentum has eased since March. Wage growth also cooled as businesses prioritise keeping staff while managing higher overheads.
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