AGP Executive Report
Last update: 11 hours agoATO Debt Warning: A new Australian National Audit Office report says the ATO may never recover about half of the $100b it’s owed, with small business collectable debt up $19.4b (118%) from 2018-19 to 2024-25. Telstra Outage Fallout: Telstra insiders claim a cheap fix—replacing old equipment for about $22,000—could have avoided the nationwide outage that disrupted payments and triple-zero services, as a Senate inquiry looms. Tax Rules Hit Investors: Major CGT and negative gearing changes from 1 July 2027 are pushing Hawkesbury property owners to review plans, with advisers warning against making decisions on tax alone. Trust Tax Complexity: Business groups say the new CGT carve-out for startups is so narrow and subjective it may be too hard to qualify for, adding red tape instead of helping genuine innovators. SME Cybersecurity: The ACSC warns attackers are exploiting known CMS/plugin flaws to drop webshells on websites, including those run by Australian SMEs—urging urgent patching and checks. Local Growth Tools: Ipswich web studio Lovely Pixel launched a free website health check to help small businesses spot what’s hurting search and mobile performance. Business Survival & Cash Flow: Commentary highlights rising pressure on small businesses, including insolvency expectations and the growing role of GST as working capital. Retail & Tourism Pressure: Denmark (WA) shop owners fear council sign enforcement could cut tourist traffic, while regional events and pop-ups continue to support local trade. Insolvency Watch: Prime drink brand’s Australian operator has entered administration, with creditors moving to recover unpaid debts.
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.