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The Guardian - AU

National

Patrick Commins Economics editor

Tax changes to discretionary trusts are likely on the way – what is happening and why are people upset?

Jim Chalmers Angela Greens ACCI Labor

Australian treasurer Jim Chalmers — Treasurer Jim Chalmers says a new minimum 30% tax on income received from discretionary trusts will make the taxation system fairer. Photograph: Darren England/AAP

The Albanese government on Wednesday introduced into parliament rules that will place a minimum 30% tax on income received from discretionary trusts.

It is the latest legislation from what Jim Chalmers, the treasurer, has humbly titled “the most ambitious tax reform in a generation”.

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