AGP Executive Report
Last update: 12 hours agoJobs and Trading Conditions: Australia’s unemployment rate rose to 4.7% in September after employment fell by 39,300. SME employment had also dipped in July, adding to concerns for businesses facing cautious customers and higher costs. Trust Tax: The proposed 30% minimum tax on discretionary trusts is drawing strong business opposition and will go to a Senate inquiry. NSW says it will shield businesses from state stamp duty if they use the proposed alternative trust structure, but uncertainty remains. Costs and Red Tape: COSBOA says shifting rules — from the ATO credit-card payment backflip to surcharge and tax changes — are making it harder for small firms to plan, hire and invest. Regional Tourism: Queensland operators report weaker October bookings as high fuel prices and household cost pressures curb road trips, hitting accommodation, tours and hospitality businesses.
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