AGP Executive Report
Last update: 8 hours agoPrivacy shake-up: Australia’s Draft Privacy Bill (Personal Data Protection) would overhaul the Privacy Act with a “fair and reasonable” test, new consent rules for sensitive data and “trading” personal info, 72-hour eligible breach notifications, and a right of erasure for large digital platforms—businesses are urged to assess data governance and incident response before the consultation closes 18 Sept. Trust tax changes: COSBOA says revised discretionary trust proposals reduce the hit for SMEs via a “fixed distributions” election, but warns flexibility and restructuring costs still need work. Right to disconnect ruling: A landmark court decision backs workers after bosses bombarded staff with messages after hours, a reminder for small employers to tighten after-work communication policies. Algorithm fight: Tech leaders warn draft rules forcing social platforms to remove algorithms could backfire, exposing harmful content while hurting local online businesses. Cash-flow support: Queensland small business owners are being urged to seek early help from free financial counselling as bills and ATO debt pile up. AI and productivity: Xero faces backlash after a sponsored post claims AI can replace accountants; meanwhile, AI presentation tools keep pushing into sales and board decks. Regional growth: Nambour leaders say momentum is building, with council and state investment backing local business confidence. Finance and lending: A study suggests banks may shift lending away from areas more exposed to physical climate risks before disasters hit.
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