Aug 9, 2026 – 10.30pmAlmost half a million small and medium businesses will be forced to restructure due to the federal government’s crackdown on trusts, with some facing state government transition fees of more than $500,000, the Australian Industry Group warns.In its submission to the consultation process on trusts, the Ai Group, the nation’s peak employer and industry body, has implored the federal government to lean on the states to waive the fees.Subscribe to gift this articleGift 5 articles to anyone you choose each month when you subscribe.Subscribe nowAlready a subscriber? Fetching latest articles