New tax on trust funds to be introduced, Greens warn of private school loopholes | ABC NEWS
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Treasurer Jim Chalmers is set to introduce legislation that would see a 30 per cent tax on some trust funds. However, the Greens have warned the government needs to close loopholes, which would allow parents who pay private school fees from their trust funds and escape the proposed tax. Subscribe: http://ab.co/1svxLVE Read more here: https://www.abc.net.au/news/2026-10-14/greens-warn-of-private-school-fees-loophole-in-trust-tax/107262122 Note: In most cases, our captions are auto-generated. #ABCNEWS #ABCNEWSAustralia
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