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It's almost as bad as super now - 30% when it goes in (for high income earners) and 15% when it comes out - why would I bother when I can get better returns and greater control over investing my own money after tax ?

Actually perky - if I'm correct in my understanding of the announcement, there isn't any real change for trusts in NSW - in fact it's almost a benefit. With the removal of the land tax threshold for personal investors (trusts never did have a threshold anyway), there is no longer any reason not...