We know many of you are eager for certainty following the changes made in the 2026 Australian Federal Budget. Treasury’s public consultation period has now closed, and while that might sound like a milestone, it really marks the start of the next phase: sifting through a significant volume of submissions from advisors, industry bodies, and families like yours who will be directly affected.
It will take time for them to consider the feedback and refine the proposed legislation, but here is what we know as at 31 August 2026.
The primary production exemption has attracted considerable attention, particularly from industries seeking similar treatment. This has added complexity to the consultation process and may influence how the exemption is ultimately shaped.
We are still awaiting clarity on the treatment of corporate beneficiaries. This remains one of the more challenging areas, and at this stage there is no further guidance.
The proposed CGT rollover relief continues to be a work in progress. It may offer meaningful support for families whose current trust structures no longer serve them well, but we need the detailed rules before assessing suitability on a client‑by‑client basis.
Important Considerations
Even with CGT rollover relief under discussion, it does not remove other key issues that must be assessed carefully:
- stamp duty
- financial implications
- asset protection
- succession planning
- Division 7A issues
As at the end of August, we remain in the same position as July: we need to wait for the detail before determining next steps. Once Treasury releases further information, we will work through the implications carefully and ensure you and your family have a clear path forward.
Should you have questions around the Australian 2026 Federal Budget announcements or proposed changes please feel free to reach out to me.