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Discretion advised on the 30% trust tax, $10m CGT lifeline & startup sweeteners

24/08/2026

The Federal Government has released further detail on its tax reform package, providing greater clarity on measures affecting small businesses, startups, and trust structures. These updates provide further clarity on the 2026–27 Federal Budget reforms, outlining how key measures will operate in practice, as set out in the Government’s tax reform implementation announcement and legislated […]

Proposed testamentary trust rules: Understanding the 30% minimum tax exemption

25/06/2026

The Federal Government has announced that discretionary testamentary trusts established for genuine testamentary purposes will be exempt from the proposed 30% minimum tax. For discretionary testamentary trusts established on or after 1 July 2028, the exclusion will only apply to trusts that can only benefit individuals and income tax exempt entities. What is considered ‘genuine […]