AGP Executive Report
Last update: 2 hours agoCGT showdown for SMEs: Australia’s peak business groups want Labor to limit capital gains tax changes to housing only, but Treasurer Jim Chalmers says the reforms will stay broad to avoid “replacing one distortion with another,” while small business and startups warn the new inflation-based model could hit investment and entrepreneurship. Payday Super push: The ATO is reminding SMEs that Payday Super starts July 1, with super paid each payday and businesses urged to update processes now. Right-to-repair for farms: The NFF welcomes the government releasing proposals to extend right-to-repair laws to agricultural machinery, aiming to cut downtime and boost competition in repairs. Energy costs and embedded networks: Victoria will force electricity and gas retailers to cut prices for embedded network customers from July 1 next year, affecting about 174,000 households and 20,000 small businesses locked into building-level arrangements. Local trading conditions: Perth’s City of Perth backs a $22.8m Northbridge (James Street) facelift focused on safer, greener footpaths and event-ready streets to lift business activity. Regional business support: ANZ reopens its Chinchilla branch (five days a week) as part of a $20m Queensland branch investment plan. Construction admin relief (WA): WA lifts the Construction Training Fund Levy threshold from $20,000 to $100,000 from 1 July to reduce red tape for small and medium builders.
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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