AGP Executive Report
Last update: 7 hours agoTrust Tax: The Albanese government has introduced a plan to impose a minimum 30% tax on discretionary trust income, arguing it would narrow the gap between tax on work and wealth. Online Safety: Labor has revised its digital duty-of-care bill, removing a controversial ministerial power as it faces pressure to strengthen protections for children online. Energy Policy: A proposed 20% domestic gas reserve has drawn warnings from industry, even as manufacturers welcome the plan to secure local supply. Parliamentary Scrutiny: A hearing into alleged Exclusive Brethren involvement in the 2025 election descended into clashes, with Coalition MPs attacking the committee’s questioning. Cost of Living: September unemployment rose to 4.7%, while Reserve Bank governor Michele Bullock warned that aggressive rate rises may be needed. First Nations Aged Care: Parliament has passed legislation to establish Australia’s first dedicated Aboriginal and Torres Strait Islander aged-care commissioner from July 2027. Trade Tensions: Labor is defending its EU trade deal as the Coalition threatens to block ratification, exposing divisions over the agreement’s impact on Australian farmers.
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