Albanese faces backlash as 240,000 small businesses hit by trust tax
Prime Minister Anthony Albanese faces political backlash over Labor's tax policies affecting small businesses. The Alliance of Industry Associations, representing 30 groups including farmers and builders, criticized inadequate consultation on new trust tax legislation introduced Wednesday. The 30 percent minimum tax on discretionary trusts from 2028 threatens Australia's 240,000 small businesses using trusts for asset protection.
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Published 16 Oct 2026, 03:19 UTC · Updated 16 Oct 2026, 07:01 UTC
Summary by OZbrief Editorial. Original report: The West Australian. Editorial policy · Corrections
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