Notwithstanding recent changes dealing with the streaming of trust income, many issues concerning the taxation of trust income remain. In this presentation, Fiona Dillon, the ATO’s Assistant Commissioner charged with its technical leadership of trust issues, takes you through some of these issues, highlighting the importance of the Government’s announced modernisation of the taxation of trust income reforms. In addition, Fiona discusses current developments and other topical issues in respect of the taxation of trust income.