AGP Executive Report
Last update: 8 hours agoBudget Shock: Treasurer Jim Chalmers says the 2026 budget will tackle cost-of-living and housing pressures, but the big fight is over tax settings—bracket creep is set to lift average taxes by about $440 in 2027, with the Working Australian Tax Offset (WATO) only partially cushioning it. Housing & Politics: Chalmers admits the housing and tax system “is not working for a lot of Australians”, as Labor prepares negative gearing and capital gains tax changes that risk breaking election promises and fuelling One Nation momentum. Markets & Energy: ASX trade is soft as Middle East tensions keep oil elevated and business confidence stays bruised—NAB’s survey shows confidence still stuck in gloom. Corporate Watchdogs: ASIC has launched a formal probe into DroneShield after scrutiny of disclosures around a $67m share sell-off by former leaders. Tech & Small Business: Xero’s CEO has apologised after days of outages hit accountants and small firms during tax time. Regional Deals: Vanuatu’s cabinet has approved an updated Nakamal Agreement with Australia, with final Australian sign-off expected.
Note: AI summary from news headlines; neutral sources weighted more to help reduce bias in the result.
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