Minimum Wage Shock for SMEs: The Fair Work Commission lifted modern award wages by 4.75% and the national minimum wage by 6% from July 1, pushing the full-time minimum to $26.44 an hour and $1004.90 a week—good news for low-paid workers, but another cost hit for already stretched small businesses. Budget Tax Uncertainty: Coalition leaders want to split Labor’s capital gains and negative gearing changes, while small business groups are still waiting on clear carve-outs and workable implementation details—keeping planning on hold for startups and owner-operators. Employment Pressure Signals: New insolvency data shows personal insolvencies up and “recession-like” conditions spreading, with discretionary spending falling and small businesses feeling the squeeze. Docklands Community Push: Docklands’ new waterfront farmers’ market drew 3,500+ people, while a Docklands community group is urging the City of Melbourne to fund a Harbour Esplanade master plan that supports local hospitality, retail and small business growth. Risk Cover for Directors: Pacific Indemnity launched an Axa XL-backed management liability product aimed at Australian SMEs, targeting cyber-triggered claims, social engineering fraud and regulatory investigations. Workforce Planning Test: UKG research flags the 2026 FIFA World Cup could cost workplaces up to $17b in lost productivity globally, a reminder for SME operators to plan rosters and customer coverage. SME Hiring Reality Check: Reports say small builders are refusing new apprentices, adding to the skills crunch that already makes growth harder for trades and regional operators.