AGP Executive Report
Last update: 5 hours agoRetail Fallout: David Jones’ collapse has left small Australian suppliers facing unpaid invoices, with some asked to keep supplying the retailer despite no guarantee they will be paid. Payment Costs: The card surcharge ban has shifted fees onto merchants; small businesses pay an average 1.4% on single-rate plans versus 0.9% on unblended plans, which only 19% use. Scam Warning: A Queensland online seller says a customer secured a refund by returning empty boxes, a reminder that generous refund policies can leave small operators exposed. Payroll Pressure: Payday Super rules require super to reach workers’ funds soon after payday, prompting some small businesses to outsource bookkeeping as they adjust to the new workload. Regional Support: Round 9 of WA’s Regional Economic Development Grants is open, offering Great Southern businesses up to $200,000 for projects that support jobs and growth. Rates and Tax: The latest RBA rate rise adds to pressure on small businesses, while a proposed 30% minimum tax on discretionary trusts could force many businesses to restructure.
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