Australian politics live: Taylor defends CV after Hanson dubs him a ‘smarmy management consultant’; Albanese to welcome king of Jordan

Follow the day’s news live Labor not watering down 30% tax on discretionary trusts, says assistant treasurer The assistant treasurer, Daniel Mulino, says Labor is not watering down proposed changes to put a minimum 30% tax on discretionary trusts. This is a very substantial review. This is about fairness in our tax system.