AGP Executive Report
Last update: 12 hours agoHousing & Tax: Labor has introduced sweeping tax changes in parliament, including scrapping the capital gains discount and limiting negative gearing to newly built homes, with a three-week Senate inquiry set to spark a fresh fight with business and start-ups. PFAS Legal War: The federal government has launched its “largest ever” $2bn lawsuit against 3M over PFAS “forever chemicals” from firefighting foam at 28 defence bases, alleging withheld information and misrepresentation. Economy Watch: Australia’s CPI eased to 4.2% in April (from 4.6%), though core pressures remain, while business investment jumped 6.5% in Q1 on data-centre spending. Scams Relief Plan: A new proposal would automatically reimburse victims who lose up to $3,000 to scams, aiming to reduce harm as targeting rises. Energy & Climate: Greenpeace warns data-centre growth could push Australia toward more gas unless renewable supply and storage are expanded fast enough. Right to Repair: The government is moving to extend right-to-repair rules to agricultural vehicles and machinery to cut downtime and loosen manufacturer control of repair information. Regional Jobs: NSW’s Parkes precinct is set for $65m in private investment and 100+ permanent jobs from cold storage, steel fabrication and advanced plastic recycling projects.
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