Budget impacts and Registry thoughts
The budget is pushing investors out of family trusts and into holding companies, which will steadily erode how well you know your register. Why that matters for the mid-register buyers who drive your share price, and what to do now.
Ben Williamson
14 May 2026 · 2 min read
Well, some of that we saw coming… and some of it we didn't. The budget is definitely delivering a wallop of changes to the market over the next few years. One of those is clearly targeting family trusts, which were already a pain to deal with.
So trusts are out and holding companies are in. That is actually going to change your registry quite a bit.
At the moment we take for granted in Australia the CHESS system and the flow-on impacts of it. Because 95% of shareholders hold directly on HIN, it means when you look at your register you can see who your shareholders are. That sounds simple, but is actually unique to Australia.
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