SMSF Association Submission – Minimum Tax on Discretionary Trusts

The SMSF Association welcomes the opportunity to provide this submission in response to the Minimum Tax on Discretionary Trusts consultation paper.

It is critical that any measure designed to target discretionary trust income splitting is carefully confined to that objective. In particular, legislative changes affecting the classification of discretionary, fixed and unit trusts have the potential to extend well beyond the operation of the proposed 30 per cent minimum tax and impact existing superannuation taxation settings.