Treasury House of Representatives

Income Tax Rates Amendment (Minimum Tax on Discretionary Trusts) Bill 2026

Before Reps

Currently before the House of Representatives. Last action: third reading agreed to on 29 Oct 2026.

Introduced: 14 Oct 2026
Sponsor: Government

CLEARED THE HOUSE

Referred to committee Treasury Laws Amendment (Tax Reform No. 3) Bill 2026 and Income Tax Rates Amendment (Minimum Tax on Discretionary Trusts) Bill 2026

Summary

Introduced with the Treasury Laws Amendment (Tax Reform No. 3) Bill 2026, the bill amends the Income Tax Rates Act 1986 to impose a minimum tax rate of 30 per cent on the net income of discretionary trusts from 1 July 2028.

Income Tax Rates Amendment (Minimum Tax on Discretionary Trusts) Bill 2026

Summary

Text of Bill

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