AGP Executive Report
Last update: 11 hours agoTax Reform Passes: Albanese’s negative gearing and capital gains tax package is set to clear parliament this week after a Greens tweak to stop “taxmaxxing” via self-managed super fund borrowing, with debate now turning to housing impacts and consultation. Housing Market Pressure: Clearance rates hit a six-year low, with just 47.4% of homes selling at auction nationally, pushing agents to lean harder on marketing while vendors become more open to strong offers earlier. Defence Exports: Australia signs a landmark $2.5bn government-to-government deal with Canada to export Over the Horizon Radar tech, the biggest-ever defence export, supporting Arctic early warning. Cyber Risk Alert: Five Eyes warns frontier AI could supercharge cyberattacks within months, urging businesses to act now on cyber resilience. Business Credit Stress: AFSA insolvencies rose 9.3% year-on-year while ASIC company insolvencies fell 10%, suggesting mounting strain in smaller, unincorporated firms. Energy & Renewables: Victoria’s 250MW Goorambat East solar farm is fully commissioned, marking a milestone for robotic-assisted construction. Corporate Moves: Danone expands in Australia by acquiring Made Group, boosting its Asia-Pacific footprint.
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