Big changes to Australia’s tax system, bigger questions: key takeaways and resources

South Australian Business News
Pooja Dand
Wednesday, June 17th 2026
Shutterstock 2201080829

The proposed Federal Budget tax reforms represent some of the most significant changes to Australia’s tax system in more than 25 years, raising important considerations for businesses, investors, and trust structures.

In partnership with William Buck, the SA Business Chamber recently hosted Big Changes to Australia’s Tax System, Bigger Questions: What Does This Federal Budget Mean for You?” to help businesses understand the proposed reforms and what they could mean in practice.

During the session, the William Buck’s tax advisors unpacked the proposed changes to discretionary trusts, Capital Gains Tax (CGT), pre-CGT assets, and negative gearing, highlighting the potential impact on mid-market businesses and investment structures.

Key insights from the webinar

The William Buck’s tax advisors have analysed the 2026 – 27 Budget, which delivers the most far-reaching changes to Australia’s tax system in more than 25 years. They break down what the proposed changes to Trusts, CGT, and negative gearing mean for your wealth, your investments, and your business.

The team shared how the measures are big and hit at the core of mid-market group structuring, being CGT and trusts. They noted that thought needs to be given to breaking the measures down into actions over the next 4 years, with more immediate considerations being.

  • Start thinking about the measures that might impact your group
  • Consider distributing from your discretionary trust to a corporate beneficiary if appropriate in your structure
  • Don’t make rash decisions until we have a more complete picture of the legislation and associated materials 
  • If you need to acquire assets or setup a new structure now, try and build as much flexibility as possible into the structures you choose. Don’t just default to a structure you may have previously used

With legislation expected to be released in multiple stages over the coming years, careful planning and professional advice will be essential.

Watch the Recording and Access the Resources

You can access the webinar recording below and the presentation slides here.



If you have any questions about the topics covered or how the proposed changes may affect your circumstances, please reach out to Andrew Nicola at andrew.​nicola@​williambuck.​com for further information.

Author

Pooja Dand

Marketing Specialist
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