Minimum 30% tax for discretionary trustsBY KARREN VERGARA | TUESDAY, 12 MAY 2026 9:00PMDiscretionary trusts have been slapped with a 30% minimum tax amid a slew of "fairer tax arrangements" reforms in the 2026-27 Budget to address intergenerational inequity. Related News |
Editor's Choice
Iress bets on AI as business transformation moves forward
Iress is shifting its focus from business simplification to executing an ambitious artificial intelligence (AI)-driven product strategy that will help financial advisers slash work processes by nearly 40%.
Macquarie AM-led consortium finalises Qube takeover
Macquarie Asset Management (MAM) and a consortium of global investors, including UniSuper and the family office of a Spanish billionaire, have completed their $11.7 billion acquisition of logistics and infrastructure giant Qube Holdings.
Alexis George takes on board appointment
Former AMP chief executive Alexis George has taken on a new board position, five months after announcing her intention to retire.
CFS launches pension bonus
Colonial First State (CFS) has launched new retirement solutions offering eligible members a one-off payment when moving from accumulation into retirement.
Further Reading
Products
Featured Profile

Andrew Gregory
CHIEF ADVICE OFFICER
UNISUPER
UNISUPER
After 25 years, Andrew Gregory remains motivated by the impact financial advice can have on Australians' lives. As UniSuper's chief advice officer, he is not slowing down on any of his current ambitions. Matthew Wai writes.






