AGP Executive Report
Last update: 5 hours agoSpending and Rates: The Reserve Bank’s 6–3 vote lifted the cash rate to 4.85 per cent, its highest level since 2008. Anthony Albanese says the decision strengthens the case for savings in next month’s budget update, but Finance Minister Katy Gallagher says cutting spending is “not a simple exercise” if essential services are to be protected. Social Media Law: Reddit and campaigners are challenging the under-16s social media ban in the High Court, arguing the law is ill-conceived and raises questions about young people’s political free speech. Public Service: A breakaway group contesting CPSU leadership has pledged a $1 million strike fund, as it criticises the union’s record on pay and job cuts. Commonwealth Fraud: Five people have been charged in a police investigation into alleged $235 million fraud involving payments from four federal agencies, including the NDIS and Services Australia. Canberra Planning: Approval of a Firmus AI research lab without an ACT council vote has prompted calls to reform planning decisions.
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