AGP Executive Report
Last update: 4 hours agoMortgage squeeze: Westpac says mortgage applications fell 20% after the May budget’s housing tax changes, with housing credit growth forecast to slow to 4.7% in FY27. Airline fees: Jetstar will start charging for overhead bin use from Feb 2027, with a “Priority Carry-on” add-on drawing backlash. Crypto crackdown: AUSTRAC has suspended Cryptolink’s crypto ATM operations for three months over basic reporting failures, including threshold transaction reports. Competition watch: ACCC has begun an initial review of Johns Lyng’s bid to buy C&M Build Group, while the Motor Trades Association remains opposed to IAG’s RAC insurance deal. Retail finance pressure: David Jones suppliers are pushing back over overdue payments, with the retailer proposing longer payment terms. Consumer safety/health: The TGA published medicine product information safety updates for 10 August. Tech & utilities: AEMO’s governance review backs a lighter-touch overhaul, including a potential spin-off of its tender arm. Brand rescue: Activewear label Stax has been bought out and plans a relaunch after receivership. Energy transition: EVs are flagged as a major insurance opportunity, but insurers warn of higher claim severity from battery repair/write-offs.
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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