Government Consults on Discretionary Trust Tax

Trusts rollover relief a ‘postcode lottery’ that could cost millions

Treasury’s new tax on discretionary trusts could cost families who restructure their affairs millions in state-based stamp duty.

CPA Australia warns 30% trust tax risks unfair burden without stamp duty relief

CPA Australia has warned that the Federal Government’s planned 30% minimum tax on discretionary trusts will not meet its own fairness aims unless state and territory stamp duty barriers are addressed. The measure, scheduled to begin on 1 July 2028, would offer Commonwealth rollover relief for eligible businesses that move from a discretionary trust into a company, fixed trust or individual structure. The relief is intended to remove federal inco…

Government consults on discretionary trust tax

The government is consulting on the minimum tax on discretionary trusts set to come into effect 1 July 2028. Annoucned during the 2026 Federal Budget, Treasury is now seeking industry feedback on the incoming tax around the expanded rollover relief, how excess franking credits should be treated and the ways to collect the minimum tax. The consultation period ends July 30. The change will apply a 30% minimum tax on discretionary trusts to better …

Consultation on discretionary trusts reform implementation: Chalmers I Australian Rural & Regional News

The Hon. Jim Chalmers, Treasurer of Australia, Media Release, 8 July 2026 The Government is today releasing a consultation paper on the implementation of the minimum tax on discretionary trusts. These reforms are all about making the tax system fairer by better aligning the tax rate on trust income with tax rates paid by workers, and will help fund income tax cuts for workers. Creating a fairer tax system is a key aim of our ambitious tax refor…