AGP Executive Report
Last update: 8 hours agoHormuz Escalation Watch: Australia is sending a Wedgetail surveillance aircraft to back a UK- and France-led push to reopen the Strait of Hormuz, with Defence Minister Richard Marles saying the role will stay strictly defensive and leaving the door open to more assets if needed. Budget Pressure Points: The federal budget also lifted the Passenger Movement Charge for travellers leaving Australia to $80 from 2027, adding cost at a time airlines say Middle East disruption is already hitting fares and routes. Housing & Markets: In New Zealand, the NZX50 slid alongside the ASX as housing affordability plans for young people rattled big banks, while bond yields edged up. Homelessness in the Spotlight: NSW fast-tracked 100 new homelessness bedrooms after a baby’s death in a tent, but officials admit it won’t solve the crisis. Child Protection Overhaul: The NT’s child protection system review is back in focus as legislative reforms land in Parliament, with advocates warning safety will worsen.
Note: AI summary from news headlines; neutral sources weighted more to help reduce bias in the result.
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