Sep 10, 2026 – 2.29pmNSW Treasurer Daniel Mookhey says the state’s revenue office is examining whether trusts will be exempt from stamp duty after federal tax changes announced by federal Treasurer Jim Chalmers, but has reassured small businesses he is not looking to earn a windfall gain.Queensland has left open the possibility of imposing a transfer duty on discretionary trusts that take up a concession option from Chalmers to avoid a costly business restructure and a 30 per cent minimum tax on distributions announced in the May federal budget.Subscribe to gift this articleGift 5 articles to anyone you choose each month when you subscribe.Subscribe nowAlready a subscriber? Fetching latest articles