Ian Verrinder

I think they'll be paying around about 30% tax.

after the changes, and that's the rate of company tax at the moment.

So you would then get to the situation of, well, what's the point of having a family trust given the amount of money that you've got to keep pouring through it and the compliance costs and everything else?

You're probably just better off forming a company and paying out your relatives that way.

I think it is in lots of ways.

I mean, you know, we've seen...

A lot of people, younger people particularly, and this has gone on for now, this is several generations, where you see Australians in their 20s to 30s buying less houses at the same age, if you look over history.

So...

Getting into the housing market has become, you know, instead of being something you did in your 20s, it then moved to your 30s and it's now often your 40s.

And that means that people who are buying first homes will be retiring with a lot of debt on their hands.

You've got a lot of young people out there who essentially go, look...

what's in this for me?

And that's not just something that I think you can see in Australia.

It's a real Western world phenomenon.

You know, you've seen, you've only got to look at the politics.

You know, we've seen a real shift from the centre out to the fringes, you know, either the far left or the far right.

And that's happening in America, it's happening across Europe, and it's happening here too.

We saw the by-election over the weekend.

So there is a sense, a real sense of dissatisfaction and particularly amongst the younger people and a lot of them who are now coming on old enough to vote and they are now becoming a political force.

No.