Aug 10, 2026 – 8.00pmJim Chalmers faces a fight with the states over his budget as Queensland argues the Commonwealth should compensate businesses hit by transfer duties when they restructure as a result of the new 30 per cent minimum tax on discretionary trusts.Amid pleas by business for the states to waive stamp duty and other fees associated with restructuring, the Labor states are also perplexed as to the federal government’s intentions.Subscribe to gift this articleGift 5 articles to anyone you choose each month when you subscribe.Subscribe nowAlready a subscriber? Fetching latest articles