AGP Executive Report
Last update: 3 hours agoTech Resilience: A global Microsoft outage disrupted Australian businesses’ email and other essential services, with experts warning the cost could run into billions. Some small firms reported losses of up to $30,000 in a day, highlighting the need for backup systems. Tax Pressure: ATO debts have hit a record $62.2 billion, with 1.35 million small businesses owing two-thirds of overdue tax and super. The ATO also issued more than 71,000 director penalty notices in the year to June. Bank Fees: ASIC has sued Commonwealth Bank, alleging it overcharged tens of thousands of business customers by about $8.5 million in hidden fees. Supplier Risk: David Jones’ collapse has left small Australian brands facing uncertainty over unpaid invoices, with regional retailers offering some suppliers a route to keep selling. Regional Trade: A proposed ASEAN digital economy pact could help SMEs reach customers across the region by aligning rules and supporting safer cross-border transactions.
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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