Yesterday the Federal government released its long-awaited draft legislation to ban the use of post-employment non-compete clauses for workers earning below the “high income threshold” and non-poaching clauses for all employees, together with extending the existing cartel framework to cover no-poach and wage-fixing arrangements between entities.
On 3 September 2026, Federal Treasury published exposure draft legislation to implement the 30 per cent minimum tax on certain discretionary trusts, a measure which was announced in the 2026-27 Federal Budget and will apply from 1 July 2028.