Recent discussions about the Federal Government’s proposed changes to the taxation of discretionary trusts have led many Australians to wonder whether testamentary trusts are worthwhile. In June, the Federal Government announced that Testamentary Discretionary Trusts (TDTs) will be exempt from the proposed 30% minimum tax on discretionary trust income. As a result, Testamentary Trusts will continue to offer the tax advantages and asset protection that have made them a leading

The Trusts Act 2025 (Qld) officially commences today, 28 April 2026. This is the most significant reform to trust law in Queensland in over 50 years, replacing the Trusts Act 1973 (Qld) which has governed trusts in this state since before most current trust structures were established. If you are a trustee, a beneficiary, a business owner operating through a trust, or an adviser to any of those people - this affects you. Here is what you need to know. What Has Changed and Why