Abbotts Group

You may notice a small adjustment to our administrative processes the next time you engage our firm for a new corporate structure, trust setup, or business transaction.

Under the national anti-money-laundering regulations officially classified as the AML/CTF Tranche 2 reforms, all Australian professional firms must now collect more detailed identity verification than before. This is a standard nationwide legal requirement to maintain sector security.

At Abbotts, we integrated these compliance frameworks well ahead of the national deadline to safeguard your assets without disrupting your project timeline. Meeting these bank-level security benchmarks protects your complex portfolios from unauthorised transactions.

Routine services, including annual tax returns or the basic drafting of a will, remain entirely unaffected. For cross-professional transactions like property settlements, we can reuse identity documentation previously verified by your other representatives to eliminate duplicate paperwork.
If you have questions about how these national rules affect your upcoming engagement with us, please contact your Abbotts team.

"How will the new 2028 trust tax rules affect my family's estate plan?"

While the headlines focus on the upcoming 30% minimum tax on discretionary family trusts, a significant planning opportunity has gone largely unnoticed. The Federal Government has explicitly exempted testamentary trusts from these new rules.

A testamentary trust is now a comparatively more attractive option for succession planning in Western Australia, particularly for wealth intended for the next generation.

The government has changed the rules for one type of trust structure, making it an ideal time to ensure your estate plan uses the right vehicle. Reviewing your will now, ahead of the July 2028 deadline, allows for careful, proactive wealth preservation.

Scroll through below to read our full analysis of the changes or book a conversation regarding a testamentary trust Perth structure with our estate planning team.

Disclaimer: This article is general information only and does not constitute financial, tax or legal advice. Please speak with your Abbotts advisor about how these changes apply to your specific circumstances.

Great business advisor and partner

Kyle applies 18 years of tax and business expertise to secure superior outcomes for his clients. He resolves complex structuring matters and implements strategies to grow client wealth.

Strategic wealth growth requires more than just good intentions... it requires an expert plan.

Contact Abbotts Group today to learn how Kyle and our specialist team empower your success.

To wrap up one of our busiest times of the year, the team headed down to Prison Island for our EOFY celebration!

The competitive streaks definitely came out. We split into different coloured teams to battle for points across the island, while also trying to take out the prize for the most creative outfit.

A big congratulations to the purple team for topping the final leaderboard. Special mentions also go to the blue team for securing best dressed, after the yellow team abandoned their costumes halfway through the challenges and lost on a technicality…

What a fantastic way to step away from the desks to celebrate a massive financial year together!

Swipe through to see a few highlights from the day.

Kyle applies 18 years of tax and business expertise to secure superior outcomes for his clients. He resolves complex structuring matters and implements strategies to grow client wealth.

Strategic wealth growth requires more than just good intentions... it requires an expert plan.

Contact Abbotts Group today to learn how Kyle and our specialist team empower your success.

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