AGP Executive Report
Last update: 12 hours agoATO Payment Row: The tax office plans to stop taking credit cards for tax bills from December, saying it cannot absorb nearly $200 million in annual processing costs. Small businesses warn they rely on cards to manage cash flow, and Labor ministers are split over whether the ATO should reconsider. Credit cards accounted for 2.3% of tax payments last financial year, but the change could hit firms that depend on that flexibility. Counterfeit Cash: Fake-note detections have climbed to 20 per million—the highest rate since 2018—with 40,613 notes found in the year to March. Most were $50 or $100 notes, and authorities warn counterfeits are improving, raising the risk of costly losses for retailers. Workplace Safety: A $42.7 million commitment will provide free online access to more than 600 mandatory Australian Standards. The government says small businesses and tradies could save up to $1,600 a year. AI and Customer Discovery: As customers ask AI tools for local recommendations, small businesses are being urged to make their services, expertise and online information clear and credible.
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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