Australian government announces plan on disability trusts

15:55, April 16, 2010      

Email | Print | Subscribe | Comments | Forum 

Australian federal government released its plan on Friday to change the taxation of trusts to make the system fairer for people with disabilities.

"These trusts have great potential in planning for the future care and accommodation of people with a severe disability," Parliamentary Secretary for Disabilities Bill Shorten said in a statement.

"We want to make sure that the legislation reflects the real world people with disability live in and does not stop people with a genuine need from using them."

Announced in the 2009-10 budget, the changes will see any unexpended income in the specialized trusts taxed at the beneficiary's personal income tax rate.

Currently, any income not used for care and accommodation is taxed at the top personal tax rate plus Medicare levy.

Special disability trusts have been established in Australia in 2006 to help carers and families provide for accommodation needs of a person with a severe disability.

Source: Xinhua


  • Do you have anything to say?


Special Coverage
  • Premier Wen Jiabao visits Hungary, Britain, Germany
  • From drought to floods
Major headlines
Editor's Pick
  • On Sept. 26, a resident passes by a flower terrace decorated for the coming National Day. (Xinhua/Hang Xingwei)
  • The photo, taken on Sept. 26, shows the SWAT team ready for the joint exercise. (Xinhua/Wangkai)
  • Two metro trains in Shanghai collided Tuesday afternoon, and an identified number of passengers were injured in the accident, the Shanghai-based reported. Equipment failures were believed to have caused the crash on the Line 10 subway, Xinhua quoted local subway operator as saying.
  • An employee at a gold store in Yiwu, located in east China's Zhejiang province, shows gold jewelry on Monday.(Xinhua/Zhang Jiancheng)
  • Tourists ride camels near China's largest desert lake Hongjiannao in Yulin, north China's Shaanx Province, Sept. 24, 2011. Hongjiannao is shrinking as a result of climate change and human activities, and may vanish in a few decades. Its lake area, which measured more than 6,700 hectares in 1996, has shrunk to 4,180 hectares. Its water level is declining by 20-30 centimeters annually and its water PH value has risen to 9.0-9.42 from 7.4-7.8. (Xinhua/Liu Yu)
  • Actors perform royal dance at the Gyeongbok Palace in Seoul, Sept. 27, 2011. A ceremony commemorating the 38th South Korea Sightseeing Day was held in Gyeongbok Palace on Tuesday. (Xinhua/He Lulu)
Hot Forum Discussion