Sep 9, 2026 – 4.58pmTrustees risk breaching their legal obligations to beneficiaries and will find it almost impossible to distribute income to current or unborn children under the federal government’s trust tax overhaul.Lawyers and accountants said that despite the Albanese government’s efforts to avoid restructuring and stamp duty costs for businesses and wealthy families using discretionary trusts, new pitfalls were emerging under the revised draft law.Subscribe to gift this articleGift 5 articles to anyone you choose each month when you subscribe.Subscribe nowAlready a subscriber? Fetching latest articles