Jun 12, 2026 – 5.00amIf Labor gets its way on trusts, many of the nation’s wealthiest families will have an important decision to make: keep their assets in a discretionary trust and pay the new tax, or switch to a corporate structure, forfeit asset protection and face greater scrutiny.The Osborns, who run the d’Arenberg winery in McLaren Vale, are one such family. Fourth-generation winemaker Chester Osborn is seeking advice from his accountant, but he already knows which option the family will probably choose.Subscribe to gift this articleGift 5 articles to anyone you choose each month when you subscribe.Subscribe nowAlready a subscriber? Andrew HobbsWealth reporterAndrew Hobbs covers self-managed superannuation funds (SMSFs), financial planning, retirement, inheritance, tax, personal finance and, sometimes, the Perth Bears. He has been a financial journalist for 30 years, previously at Bloomberg and AAP.Fetching latest articles
Labor’s raid on trusts hits much deeper than just tax
Advisers warn that Labor’s three-year rollover window on trusts is an Orwellian trap designed to strip investors of the main reason to have one: asset protection.
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