Insights

Year End Trust Distributions 2026

Hall Chadwick

Taxation

26 June 2026

Year End Trust Distributions 2026

As we approach year-end, now is the time to review your trust distribution strategy and tax planning opportunities.

Key reminders for discretionary trusts:

  • Trust distribution resolutions generally need to be completed by 30 June to create valid present entitlements.
  • If income isn’t properly distributed, trustees could face tax at the highest marginal rate.
  • Streaming of capital gains and franked dividends requires careful planning and documentation.
  • The ATO continues to scrutinise Section 100A reimbursement arrangements, particularly where adult children are beneficiaries but don’t receive the distributed funds.
  • Trusts with corporate beneficiaries should be aware of increased ATO attention around franking credit eligibility and the 45-day holding rule.

Have you reviewed your trust distributions and year-end tax planning yet?

Meet the team behind this

Traditionally our industry has relied on a close-knit team of specialists. Here are a few of the people involved.

Ece Karauc

Associate Director

Ece Karauc is an Associate Director in the Business Services division at Hall Chadwick Melbourne, where she has made significant contributions by working closely with a diverse range of private and publicly listed clients, particularly in the area of deferred tax accounting.  Her ability to build strong relationships has been instrumental in delivering tailored solutions.

With a deep understanding of complex areas in business advisory and taxation – including CGT, GST, FBT, Division 7A and small business concessions, Ece conducts comprehensive analysis of financial statements, balance sheets and profit and loss variances for both small and large non-reporting entities.  She has successfully managed engagements related to company liquidation, deregistration, structuring, estate planning and due diligence.

Ece approaches client challenges with focus and determination.  During the economic and finance challenges of 2020, she played a crucial role in due diligence assignments that enabled clients to secure financing for their growth initiatives.

As a dedicated mentor, Ece actively supports her team and junior accountants, sharing insights and fostering collaboration on innovative solutions.  Being fluent in Turkish, allows Ece to connect with a broader range of clients.

Professional Qualifications

Member, Chartered Accountants Australia and New Zealand (CAANZ)

Bachelor of Commerce (Melbourne University)

Industry & Service Specialisations

Business Services and Taxation

Structuring and Asset Protection

Forecasts and Cash flows

R&D

Tax Advocacy

Due diligence for financing

Estate Planning

Deceased Estates

Investor and Family Groups

Real Estate

Construction and Property Development

Estates

Labour Hire

Retail

Fintech

Charity/Not-for-Profits

Manufacturing

Incubators

David Lissauer

Chairman, National Association

Chairman, National Association

David combines his experience as a business leader and a practitioner in public practice of more than 40 years in his role leading the association of independent firms that make up Hall Chadwick nationally. He also serves in a consulting capacity at Hall Chadwick Melbourne of which he was a founding director.

David has had a significant impact on the firm’s service deliverables as we see them today. First and foremost, he led the Audit and Assurance, and the Accounting Services practices. Through his extensive network of local and international professional connections, David helped shaped the firm’s service offering to Asian markets most particularly in the Indian, Sri Lankan and Vietnamese business communities.

David has mentored a significant number of the firm’s graduate and junior accountants to senior positions. He currently mentors a number of young accountants as they undertake their CA professional year. He has also played a prominent role in practice management, marketing and strategy.

David holds a Bachelor of Commerce from Melbourne University, is a Fellow of the CPA, an associate member of the Institute of Chartered Accountants Australia, a Registered Company Auditor and a Registered Superannuation Fund Auditor. In addition David was a Registered Tax Agent, a former Foundation Peer Reviewer for CPA Australia and past member of CPA’s Quality Review Assurance Committee (QRAC).

Board Positions and the Community

Contributing to the community is a value of great importance to David. He is a past Chairman, President and Treasurer of the Melbourne Hebrew Congregation Incorporation; Past Treasurer and Board Member of Hadassah Australia and a past honorary auditor for the Alopecia Support Association.

David currently advises C-Care, a volunteer-driven organization which seeks to improve the lives of individuals living in isolation and need. David is a past board member of Channel 31 Community Television and currently acts as liaison Director between a number of local Indigenous organizations and the firm.

Professional Qualifications

FCA

FCPA

Registered Company Auditor

CPA Peer Reviewer

Bachelor of Commerce (Melbourne)

Industry & Service Specialisations

Company Audits

Statutory Body Audits

Trust Audits

Sarbanes Oxley (SOX) Compliance

Financial Reports

Business Services

Taxation

International Business

Gino Malacco

Partner

Gino has been employed with Hall Chadwick since February 1987. Gino’s dedication and expertise in the Tax and Business services in the firm saw him promoted to a Manager in August 1994, an Associate in August 1997 and finally a Partner in 2001.

During this period, Gino has seen the role of an Accountant changing, “during my earlier years, I concentrated on understanding the compliance issues of accounting. I believe this is an important part of being an Accountant, as one must first understand the fundamentals in order to advise on accounting and business related matters.” “However, as we live in an era of constantly changing taxation and compliance law, the days of just being a Compliance Accountant are gone. Accountants must not only look after the compliance requirements of clients, but they must be able to advise on issues of taxation and business on a pro active basis.”

Gino provides expert advice in numerous areas of taxation. He can provide insightful guidance on business taxation, business and investment structuring, capital gains tax, international tax planning, transfer pricing, salary packaging and executive issues, fringe benefits tax, prudential tax audits and requests for rulings.

Over his career Gino has had extensive taxation experience advising on domestic and international tax issues to a wide range of clients including property, manufacturing, retail, financial services, travel and construction clients for SMEs, listed corporations and foreign corporations.

Professional Qualifications

Chartered Accountants Australia & New Zealand

Bachelor of Economics, Macquarie University

Graduate Member of the Australian Institute of Company Directors

Member of Taxation Institute of Australia

Registered Tax Agent

Masters of Taxation

Chartered Tax Adviser Member of The Tax Institute of Australia

Industry & Service Specialisations

Taxation

Goods & Services Tax

Business Valuations

Litigation Support Services