The intent of the initiative to impose a minimum 30% tax on discretionary trusts is to eventually bring all discretionary trusts (termed "minimum tax trusts") within the tax net. We cover the fundamental issues at this point in time.

An independent business valuation helped The Trident Fish & Grill understand its value drivers and make informed decisions for future growth.

The Government’s proposed 30% minimum tax on discretionary trusts could have significant implications for some family groups, particularly where trusts distribute income to companies, although the rules remain subject to consultation and aren’t final yet.

If your company or trust earns income mainly from your personal efforts, review your arrangements against the ATO’s updated guidance to avoid costly issues.

This year, Jamie Doyle celebrates 10 years as a Partner at Collins Hume. In our latest profile, he reflects on how the accounting profession has evolved from compliance-focused services to becoming a trusted strategic adviser for business owners.

Collins Hume is proud to support Big Deadly Day on 8 July 2026 in Lismore, bringing together sport, culture, entertainment and community connection.