Business

Trust tax sets up decades of litigation, lawyer says

A tax lawyer has warned the government’s minimum tax on discretionary trusts turns on a definition that is...

04 November 2026 • By Malavika Santhebennur

more from tag

Business

Tax reform ‘more like a political talking point’

Accountants remain irked by the proposed tax reforms on multiple fronts after they were introduced in Parliament.

16 October 2026 • By Malavika Santhebennur

Business

Tax accountant the ‘great winner’: Government introduces next tranche of trust...

The Labor government has introduced its legislation for a minimum 30 per cent tax on discretionary trusts to...

15 October 2026 • By Malavika Santhebennur

Business

Tax reform uncertainty causing decision ‘paralysis’

A tax specialist has urged the government to provide certainty over its proposed tax reforms as the industry awaits...

14 October 2026 • By Malavika Santhebennur

Business

‘Higher tax on entrepreneurship’: CGT reforms ‘meaningless’ for new businesses

The controversial CGT changes punish entrepreneurs who take a calculated risk to grow businesses and investments,...

13 October 2026 • By Malavika Santhebennur

Business

Is this the ‘optimal path’?: Trust tax reform creates burdensome system

A tax lawyer wonders if the government could have taken a simpler path to achieve its discretionary trusts objectives.

12 October 2026 • By Malavika Santhebennur

Business

Minimum tax on discretionary trusts: the draft law lands, and the concerns...

Four bills, 16 days of consultation, and legislation expected just days away. What practitioners need to know now.

09 October 2026 • By Robyn Jacobson, National Tax & Accountants' Association

Business

Tax reform measures risk adding to red tape burden: CPA Australia

As the release of the Red Tape Reduction Review is awaited, the accounting body said it is hard to reconcile adding...

09 October 2026 • By Malavika Santhebennur

Business

‘ALP has never liked trusts’: Government denounced for rushing trust tax reform

The government has failed to “dot their i’s and cross their t’s” in their discretionary trust tax proposals and...

08 October 2026 • By Malavika Santhebennur

Business

Tax reforms leave accountants, clients in planning ‘limbo’

A tax adviser has shared how his accounting firm is grappling with the complexity and uncertainty around the...

07 October 2026 • By Malavika Santhebennur

Business

‘We don’t have crystal balls’: Trust tax rigidity causing angst

The lack of flexibility in the trust tax legislation is a major concern for accountants and is going to require some...

06 October 2026 • By Malavika Santhebennur

Business

‘Very poorly thought out’: Minimum trust tax to sting low- to middle-income...

A tax agent has argued that the proposed trust tax legislation will “almost exclusively” hurt low- to middle-income...

29 September 2026 • By Malavika Santhebennur

Business

Leave small businesses alone in trust tax, building body says

Master Builders Australia has called for small businesses to be grandfathered from the proposal to impose a minimum...

29 September 2026 • By Malavika Santhebennur

Business

State government pushback likely on trust tax stamp duty

The director of an accounting firm has called out the federal government for “prescribing” stamp duty implications of...

28 September 2026 • By Malavika Santhebennur

Business

‘Suddenly they’re worried about complexity? That’s a cop out’: Tax Institute

A tax counsel has condemned the government’s trust tax proposal and the continued denial of the minimum tax offset to...

25 September 2026 • By Malavika Santhebennur

Business

Lawyer questions whether government wants tax reform feedback

Rushed legislation and short consultation windows for the tax system overhaul have one lawyer wondering whether the...

23 September 2026 • By Malavika Santhebennur

Business

Concern, confusion skyrocket among accountants post-budget

A new survey has laid bare the level of concern accountants have about the compliance headaches the federal budget...

18 August 2026 • By Malavika Santhebennur

Tax

Minimum tax on discretionary trusts: what it will really cost your clients

The 30 per cent floor lands hardest on the beneficiaries least able to bear it.

06 August 2026 • By Robyn Jacobson, NTAA