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Budget bills introduced to House of Representatives
On 28 May 2026, the Commonwealth Government introduced the following two (2) tax reform bills into the House of Representatives: These two (2) Bills have been tabled as part of the Albanese Government’s tax reform package announced in the 2026–27 Federal Budget on 12 May 2026. Minimum CGT Bill The Minimum CGT Bill amends…
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Federal Budget announces tax on discretionary trusts
On 12 May 2026 the Albanese Labor Government delivered the Federal Budget. They propose to impose of a thirty (30) percent minimum tax on discretionary trusts, commencing 1 July 2028. This article addresses the proposed rate and scope and identifies what remains unclear, particularly how and when the tax will be collected based on the…
Taxation of financial arrangements
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