AGP Executive Report
Last update: 3 hours agoHospitality squeeze: CreditorWatch says 3,910 cafes and restaurants shut in the year to July (12% of the sector), with payment stress rising as 10% are 60+ days behind. Data centre grid clampdown: Transgrid issued new connection rules for data centres, with capacity deals potentially terminated if criteria aren’t met, including Foreign Investment Review Board approval. Cyber security for government: Darktrace completed IRAP assessments for its adaptive AI security platforms, authorising handling of PROTECTED government data. Retail & consumer safety: Woolworths recalled a popular $7 chilli oil over reaction fears; City Beach lost an appeal over a $14m penalty for selling deadly button battery Croc accessories. Superannuation scam crackdown: Australia moves to strengthen consumer protections for retirement funds and target harmful super practices. Home loan competition: Pepper Money’s growth update highlights non-bank momentum, while banks scramble for home-loan business. Food & drink: Asahi switched more bottles to 100% recycled PET via domestic recycling capacity. Fraud warning: WA gift-card scams remain a major risk, especially romance scams.
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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