Well if you have a family trust it doesn't sound any better,with the labor govt having full intentions of introducing a minimum standard 30% tax rate on all discretionary trust distributions made to beneficiaries over the age of 18 from the 1/7/2019.
I'm guessing rules have changed so those under 18 are unable to get distributions.
Even distributions to co's ,the co may not be able to claim fc's.
More tax books,and clearly this is going to keep the accountants busy.
