Major change in proposed 30 per cent minimum tax on trusts
InsightNew “EET election” option for discretionary trusts to avoid the minimum 30 per cent without having to restructure, but creates inflexibility.
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On24 (Online)
This webinar is an informative session on the proposed Division 296 legislation, which proposes an additional 15 per cent tax on superannuation balances exceeding $3m. If passed, this significant change is proposed to take effect from 1 July 2025, and it’s crucial to understand its implications.
Join us for an engaging discussion with Grant Thornton Partners Simon Gow and Kirsten Taylor-Martin, who will provide expert insights into the legislation and its potential impact on you and your family. This session is designed to help you navigate the complexities of the proposed new tax rules and make informed decisions about your financial future.
Topics covered include:
• A deep dive into the proposed legislation
• Case studies to showcase how the tax is calculated and its resulting impact
• What to consider and discuss with your advisors
Register now to stay informed and proactive about your superannuation and financial planning.
Partner & National Head of Self-Managed Superannuation
New “EET election” option for discretionary trusts to avoid the minimum 30 per cent without having to restructure, but creates inflexibility.
For many successful families, creating wealth is only the beginning. As your businesses, investments and family interests grow, arrangements that once worked well can become difficult to manage.
The announced 30 per cent minimum tax on discretionary trusts creates significant challenges for private groups.