Jim Chalmers (Rankin, Australian Labor Party, Treasurer) | Hansard source

As those opposite are aware, charitable trusts are exempt from the minimum, and there are other exemptions as well. When it comes to fixed trusts, for example, they are exempt, and there are other kinds of exemptions and concessions built into the proposal that we put in the budget. As always when it comes to tax reform of this kind, the final implementation details are subject to the usual kind of consultation.

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