Penny Wong SA, Australian Labor Party, Minister for Foreign Affairs
2:42 pm
I would make two points. The first is that the 30 per cent tax on distributions from discretionary trusts commences in July 2028, so you might have a smart alec interjection there, Senator Canavan, but the reality is that this is not coming into effect until July 2028. The second point I would make is that— (Time expired)
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