The trust fund tax debate explained, post budget | ABC NEWS

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The federal government’s proposed tax changes to some trust structures are sparking debate, with critics warning they could affect family wealth transfers and small businesses. Tax partner Brent Murphy from KPMG explains what discretionary trusts are, how they have traditionally been used, and why the government wants to tighten the rules. 00:00 - Introduction 00:12 - What are discretionary trusts? 00:35 - How discretionary trusts work and the proposed tax changes 02:05 - Discretionary vs fixed testamentary trusts explained 04:44 - Is this really a “death tax”? 05:05 - Will the tax changes achieve their goal? Subscribe: http://ab.co/1svxLVE Read more here: https://www.abc.net.au/news/2026-05-15/wealthy-discretionary-trusts-pay-less-tax-federal-budget-change/106666248 Note: In most cases, our captions are auto-generated. #ABCNEWS #ABCNEWSAustralia

Published 2026-05-18 · Watch on YouTube ↗
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