AGP Executive Report
Last update: 9 hours agoRates and Economy: Unemployment jumped to 4.7% in September after employment fell by 39,300, easing rate-hike expectations. But the RBA has warned that aggressive increases may still be needed as oil adds to inflation risks. Banking Scrutiny: Big-bank CEOs are due to face questions in Canberra over borrower costs, while the government has acknowledged it knew months earlier of the ATO’s plan to stop credit-card tax payments. Markets and Super: A tech-led Wall Street sell-off has put the ASX on track to open lower, as investors reassess AI valuations. APRA says one million Australians are in “unsustainable” super funds. Financial Crime: ANZ’s Brisbane cybercrime hackathon returns this week, pairing students with industry and police to develop responses to scams and financial crime. Crypto Rules: Australia is preparing tighter oversight of crypto exchanges ahead of a licensing deadline, with plans to share crypto tax data globally from 2028.
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