AGP Executive Report
Last update: 12 hours agoSmall Business: Treasurer Jim Chalmers has delayed the ATO’s planned credit-card payment ban until 30 June 2027 after a backlash from small businesses, giving the tax office time to consult on options. The reprieve does not resolve wider concerns about card surcharges. AI Investment: Nvidia-backed Firmus has scrapped its proposed A$7.9 billion ASX float after investors balked at its valuation and market conditions. The withdrawal raises questions about appetite for high-priced AI infrastructure ventures. Sovereign Capability: NAB’s Peter Steel told a parliamentary inquiry that Australian businesses could benefit from locally run data centres and home-grown AI models, and called for stronger AI education. Clean Energy: Australia is backing a global push to double rooftop-solar homes to 300 million by 2030, drawing on a local market where solar panels are installed on more than 40% of homes. Markets: Australian shares rose 0.6% on Friday as oil prices eased, while investors remained cautious amid global technology-sector concerns.
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