Mission Advisory has continued its advocacy on the proposed minimum tax on discretionary trusts, making submissions on both the exposure draft legislation and the Bills now before Parliament. We explain why we support retaining the charitable exclusion, while strengthening safeguards against arrangements designed to create a private benefit.

Recent media reports surrounding Adrian Portelli's relocation overseas has sparked interest in the implications of Australia's taxation system, especially when life takes you beyond our borders. Consequently, we're seeing more Mission Advisory clients query what international moves, remote work opportunities, overseas business interests mean for their Australian tax position.

The proposed changes to discretionary trust taxation have generated significant discussion across Australia’s charity, church, mission and not-for-profit sectors, particularly regarding the potential impact on organisations that rely on trust distributions to support their activities and community outcomes.

Australia’s ancillary fund landscape has received an important update, with the ATO clarifying how “benefits” are defined and applied in practice. While this may seem like a technical shift, it has real implications for trustees and families using these structures to support their philanthropic goals.

The Australian Taxation Office (ATO) has confirmed that the Small Business Superannuation Clearing House (SBSCH) will be closing as of 01 July 2026. This change will affect small businesses that currently use the ATO clearing house to make employee superannuation contributions.

The Federal Government has proposed significant changes to the way trusts are taxed, including a potential 30% tax on trust income. While these changes may appear technical, they could have far‑reaching consequences for charities, religious organisations, schools, and other community groups that rely on trust distributions for funding.

From 1 July 2026, the way employers pay superannuation for their employees will change. These reforms, known as Payday Super, are designed to align super payments more closely with employees’ pay cycles and will affect how businesses manage payroll, cash flow and compliance.

The Federal Government has announced major changes to how capital gains tax (CGT) will be calculated in Australia from 1 July 2027. While the removal of the 50% CGT discount had been widely anticipated, several additional measures may significantly affect long‑term investment, property and retirement planning.

The Government has announced proposed changes to negative gearing for residential investment properties, scheduled to commence from 1 July 2027. The changes are aimed at redirecting tax benefits toward new housing supply, while protecting existing property investors through grandfathering rules.