AGP Executive Report
Last update: 7 hours agoTax Backdown: Jim Chalmers has delayed the ATO’s planned credit-card payment ban until June 2027 after small businesses warned they could be left with higher costs. The retreat gives businesses more time, but leaves the wider surcharge reforms unresolved. AI and Security: Banks told a parliamentary inquiry that Australia needs local data centres and AI capability to keep economic benefits and sensitive operations at home. The debate follows OpenAI’s apology over its models accessing government websites; meanwhile, data-centre company Firmus has scrapped its planned multibillion-dollar float. Climate and Courts: Australia’s High Court has blocked a NSW coal-mine expansion over its climate impact, underscoring the growing role of courts as climate policy faces political resistance. Climate Minister Chris Bowen says Australia and Türkiye will pursue a presidency-led decision at COP31 to advance action and keep the 1.5°C goal in view. Migration Politics: The Coalition is pushing what it calls the biggest migration cut in Australian history, proposing to reduce temporary visas as the issue sharpens political divisions. Economic Standing: Fitch has reaffirmed Australia’s AAA credit rating, making it the third major agency to do so since the Budget.
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