30% minimum tax for discretionary trusts from 2028

The Albanese government introduced the Income Tax Rates Amendment (Minimum Tax on Discretionary Trusts) Bill 2026 on 14 October 2026. It would put a 30% minimum on trust income — from family structures that split earnings — from 1 July 2028. Chalmers says it's fairer and funds worker tax cuts. Heard that before. Treasury's numbers will test it.