AGP Executive Report
Last update: 11 hours agoCost-of-living & fuel relief: Anthony Albanese is weighing whether to extend the $2.5bn fuel excise discount after voter pressure, even as economists warn more stimulus could complicate inflation control while an US-Iran peace deal reshapes oil expectations. Monetary policy: The RBA held the cash rate at 4.35% for the first time in 2026, citing softer growth, higher unemployment and still-firm inflation, with housing and Middle East uncertainty in the mix. Social media regulation: Australia’s under-16s social media ban is moving closer in Canberra, while the UK announced a similar ban that would cover major platforms and add limits on harmful features—keeping the debate front and centre across governments. Regional jobs & industry: Victoria backed Kyabram’s creamery with funding to upgrade processing, cut costs and create six jobs. Child safety overhaul: Queensland confirmed the extradition of notorious child abuser Ashley Griffith to NSW and backed a major child safeguarding commission model. Foreign affairs: Australia will investigate allegations of abuse by Israeli forces against Gaza flotilla activists detained at sea. Energy transition: WA is rolling out 18 community batteries to store rooftop solar for evening peaks. Canberra watch: Senate scrutiny of CGT/negative gearing changes continues, with advisers warning about knock-on effects for blended families and property ownership.
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