Australian Industry Group Welcomes Trust Changes

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Community Care Centre Ballarat

Community Care Centre Ballarat (CCCB) provides essential household goods such as furniture and appliances to individuals and families in need, helping them create safe and stable homes.

Working with local welfare agencies, CCCB ensures that people facing difficult circumstances, such as those fleeing domestic violence or homelessness, receive the support they need to rebuild their lives with dignity.

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“We welcome the Treasurer’s announcement today on trusts that has circumvented some of the unnecessary compliance and taxation pain for business that would have been inflicted on up to half a million small and medium sized businesses,” said Innes Willox, Chief Executive of the national employer association, Australian Industry Group.

“The draft legislation is a vast improvement on what was first proposed nearly four months ago in the 12 May Budget.” Full statement here.

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