AGP Executive Report
Last update: 12 hours agoTrust Tax: Labor has introduced a 30% minimum tax on discretionary trusts, a structure many family businesses use. Business groups warn firms could face higher taxes or costly restructuring, and the bill is headed for scrutiny after calls for a Senate inquiry. Card Costs: The ATO will keep accepting credit card payments until June 2027 after small businesses objected to the planned ban. But the surcharge ban may still leave firms absorbing higher fees or passing costs on through prices. Owner Pressures: A COSBOA and Square report finds around two in five small business owners are working longer hours, while many are taking home the same or less pay. Victoria: Greg Jennings has been appointed Small Business Commissioner, with a mandate that includes helping firms resolve disputes.
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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