Politics live: Monique Ryan ‘not bothered’ by Josh Frydenberg comeback speculation

Follow the day’s news liveGet our breaking news email, free app or daily news podcastLabor not watering down trust tax bill, says MulinoThe assistant treasurer, Daniel Mulino, says Labor is not watering down proposed changes to put a minimum 30% tax on discretionary trusts.We’re not watering this down. This is a very substantial review. This is about fairness in our tax system. It’s about trying to better align the taxes that people pay when they earn income through trusts versus when they earn income from working, from providing their labour.These are changes that have been called for by experts for