

30% MINIMUM INCOME TAX ON DISCRETIONARY TRUSTS
On Wednesday, 14 October 2026, Treasurer Jim Chalmers introduced the Treasury Laws Amendment (Tax Reform No. 3) Bill 2026 and the Income Tax Rates Amendment (Minimum Tax on Discretionary Trusts) Bill 2026 into the House of Representatives. The introduction of the Bills follows months of consultation with the community and industry stakeholders and provides the first insight into the legislation the Government intends to pass. What has not changed From 1 July 2028, discretion
By Teresa Catalano & Georgia Shorland




































