AGP Executive Report
Last update: 12 hours agoATO credit card payment ban: The ATO will stop accepting credit cards from Nov 30, arguing merchant fees would otherwise be borne by all taxpayers—SMEs and renters are warning of cash-flow and payment-plan disruption. RBA surcharge reforms ripple: With card surcharges ended and banks changing processes, businesses are bracing for new fees and operational headaches. R&D tax incentive pressure: Small firms are being warned about “audit hell” as R&D goalposts shift under draft law, while ATO transparency shows big players dominate claimed R&D spend. Family trust and CGT/negative gearing still pending: Parliament returns mid-October with the departure tax, proposed minimum tax on family trusts, and the next CGT/negative gearing tranche still unfinished. Super rules under review: A Senate inquiry is set to examine whether teenagers miss out on super under the weekly hours threshold. SMB tech and growth: Xero shares face pressure after a bruising quarter; TechnologyOne is leaning into AI agents for education, councils and finance. Local business impacts: ACCC scrutiny continues as supermarkets centralise supply chains, with producers warning of shelf-risk. Payments and compliance: Cosboa says the ATO needs a practical transition and faster access to New Payments Platform options. Other SME notes: Ivo opens a Sydney office; Thryv calls for better recognition of women leading tech in SMBs.
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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