From www.financialstandard.com.au: The Australian government will amend tax laws to clarify the treatment of managed investment trusts, ensuring that legitimate investors retain concessional withholding tax rates, effective from March 2025.

The start dates for two previously announced tax measures have been deferred, with the foreign resident capital gains tax changes expected to reduce government receipts by $50 million over five years.

The provisions regarding managed investment trusts have already been accounted for in the Budget documents.