Jul 29, 2026 – 11.04amFund managers could be forced to pay the Albanese government’s proposed new 30 per cent tax on discretionary trusts, prompting the investment industry to lobby Treasurer Jim Chalmers for an exemption.The primary target of the new minimum tax on discretionary trust distributions is tax minimisation and income splitting by wealthy families and small businesses, which would raise more than $4 billion extra revenue a year for the government.Subscribe to gift this articleGift 5 articles to anyone you choose each month when you subscribe.Subscribe nowAlready a subscriber? Fetching latest articles
Tax on trusts could hit fund managers
Fund managers could be forced to pay a new 30 per cent tax on discretionary trusts, prompting the investment industry to ask for an exemption.
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