AGP Executive Report
Last update: 4 hours agoSuperannuation & consumer protection: Assistant Treasurer Daniel Mulino says there’s “no plans” to lift the compulsory super guarantee from 12% to 15%, while Labor moves to curb predatory super lead-generation tactics like cold-calling and manipulative switching. Competition & retail safety: The ACCC has executed a search warrant on WiseTech Global as part of a competition-law probe, sending shares sharply lower; separately, City Beach has lost its appeal over a $14m Federal Court penalty for selling deadly button-battery Croc accessories. Data privacy: Quest Apartment Hotels warns about a customer data breach tied to a third-party supplier, with about 1.7m guests potentially affected (names and contact details, plus some dates of birth). Gambling compliance: NSW casino regulators fined Crown Sydney ($1.75m) and The Star Sydney ($500k) after an underage teen repeatedly entered and gambled, including being served complimentary alcohol. Home buying: Co-buying is now mainstream for first home buyers, but most don’t sign co-ownership agreements—leaving them exposed if things go wrong. Markets & consumer backdrop: ASX sentiment wobbled as bond yields rose and gold slid, with heavyweight earnings (including CSL and BHP) helping cushion broader weakness.
Note: AI summary from news headlines; neutral sources weighted more to help reduce bias in the result. Feedback is welcome. Please let us know if you have any comments or suggestions about the AGP Executive Report.
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