A dated record of external developments — Treasury, Parliament, the courts — alongside our own activity. We keep the two visually separate: what happened is a fact, our response is our opinion.
The date on which the 30% minimum trustee tax would take effect, under the measure as currently proposed.
As currently drafted, families would have this three-year window to restructure out of a discretionary trust without triggering a federal capital gains tax liability.
The Senate Economics Legislation Committee is due to report on the minimum tax Bills.
We lodge our submission to the Senate Economics Legislation Committee inquiry into the minimum tax Bills. It will be published here once the Committee has published it.
The Senate refers the Treasury Laws Amendment (Tax Reform No. 3) Bill 2026 and the Income Tax Rates Amendment (Minimum Tax on Discretionary Trusts) Bill 2026 to the Senate Economics Legislation Committee for inquiry. Submissions close on 29 October 2026, public hearings are scheduled for 5 and 6 November in Canberra, and the Committee is due to report by 13 November 2026. See the Committee's inquiry page.
The Treasurer introduces legislation in the House of Representatives to impose a 30% minimum tax on discretionary trusts from 1 July 2028. It comprises the Treasury Laws Amendment (Tax Reform No. 3) Bill 2026 and the companion Income Tax Rates Amendment (Minimum Tax on Discretionary Trusts) Bill 2026. Fixed trusts, charitable trusts, superannuation funds, primary production income, deceased estates and genuine testamentary trusts are excluded. Read the Explanatory Memorandum.
Shadow Treasurer Tim Wilson used an appearance on ABC's Radio National Breakfast to repeat the Coalition's call for the government to abandon the proposed minimum tax on discretionary trusts, arguing it would push higher tax or costly restructuring onto small businesses that use trusts for asset protection rather than tax minimisation. Wilson said altering trust taxation without taking the change to an election undermines a structure used by hundreds of thousands of small businesses.
Assistant Treasurer Daniel Mulino, responding on the same program, said Labor would not be "watering down" the measure, pointing to the earlier carve-out for discretionary testamentary trusts as evidence the government has already responded to consultation feedback. Mulino said he would leave further design questions to when the bill is introduced, and called on the Coalition and the Greens to engage in good faith.
No bill has yet been introduced to Parliament. The exposure draft consultation on the measure closed on 18 September 2026.
Source:ABC News federal politics live blog, 12 October 2026 (reporter: Courtney Gould)
We lodge our further submission (FTR-004) responding to the exposure draft legislation, examining the draft against the concerns raised in our earlier submissions.
Treasury releases exposure draft legislation for the minimum tax, including a new election regime (EET) and the proposed CGT rollover window. Submissions open for a 16 day consultation period.
We publish FTR-003-AN, a supplementary, anonymised submission expanding on legislative precision, existing integrity measures, and the State stamp duty trap.
We publish FTR-001, setting out the case for a $100,000–$150,000 net-income threshold in plain terms for policy makers and seniors' organisations.
We lodge our initial submission with Treasury in response to the Consultation Paper.
Treasury publishes Consultation Paper: Minimum Tax on Discretionary Trusts, proposing a 30% flat trustee tax from 1 July 2028.
The High Court holds, by majority, that an unpaid present entitlement owed to a corporate beneficiary is not a "loan" under Division 7A — Commissioner of Taxation v Bendel [2026] HCA 18.
The Full Federal Court hands down Commissioner of Taxation v Guardian AIT Pty Ltd [2023] FCAFC 3, clarifying how Section 100A and Part IVA apply to trust distributions involving corporate beneficiaries.
