Parliament introduces 30 percent minimum tax on 800,000 trusts nationwide
Parliament on Wednesday introduced a 30 percent minimum tax on trusts, with small businesses facing thousands of dollars in compliance costs, Assistant Treasurer Daniel Mulino confirmed. The reform targets approximately 800,000 discretionary trusts, which the government argues unfairly advantage some taxpayers over wage earners. Labor needs coalition or Greens support to pass the legislation, though the coalition opposes the changes.
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Published 18 Oct 2026, 01:06 UTC · Updated 18 Oct 2026, 01:10 UTC
Summary by OZbrief Editorial. Original report: The West Australian. Editorial policy · Corrections
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