Australian Financial Review – 7 March 2026 – Australian Financial Review

lgtwm.com.au LGT Wealth Management Limited ABN 50 005 311 937 AFSL 231127. Conditions apply. See website for terms. © LGT Wealth Management 2026 Forward-looking for generations ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● www.afr.com | 7-8 March 2026 SmartInvestor Everything you need to know about your money Edited by Joanna Mather: Email: [email protected] $4m and growing: how testamentary trusts can build long-term wealth James Greenwood, a semi-retired builder, can borrow money from the trust to pursue his passion for flipping houses.

families, small business and farmers, which could deliver the Albanese gov- ernment an immediate revenue boost of at least $3 billion a year. A confidential report for the depart- ment prepared by tax academic Mir- anda Stewart raised concerns trusts were being exploited to minimise tax. Stewart was seconded to Treasury to lead an internal paper that proposed a minimum tax rate on trust distri- butionsofaround25percentto30per cent, in line with company tax rates for small and large companies, sources said. The government is casting around for revenue-raising measures in the lead-up to the May 12 budget as it con- fronts the prospect of a decade of defi- cits and ballooning social spending.

Former Treasury officials, speaking on condition of anonymity, said tight- ening the tax rules on annual trust dis- tributions was a way to deliver billions of dollars in revenue straight away.  p1 The Australian Financial Review www.afr.com | 7-8 March 2026 $6.50 INC GST AFRWEEKEND The Nation’s Most Trusted News Brand ‘Like being 21 again’ | Ultra-fit over-50s reveal their secrets and motivation Perspective p19 ‘People are angry’ ■Opposition industry spokesman Andrew Hastie says the Coalition must quickly concede both major parties have made significant errors on immigration and fiscal policy if they are to have any hope of arresting the rapid rise of One Nation.

News p8 ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ●  NewsACTUpushes35-hourweekp5  Economistsurge spendingcutsp5  Victorianstate debt hits $160bp10 MIDDLE EAST MISMATCH EPIC FOLLY? Dream of a quick democratic uprising fades Perspective p14 Cheaper drones v costly missiles.

Maths is the key to winning the Iran war World p13 OPERATION CONTACT Optimism, relief and anxiety on the ground in Iran News p4 AFRGA1 R002 AFRGA1 A001 Ride volatility. Master global markets.

This is a short excerpt from the opening of “” by Unknown, quoted for review and introduction purposes. All rights belong to the copyright holders.

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