Show Notes
In this live episode of Australian Investors Podcast, Owen Rask teams up with James Phelan to unpack the tax and wealth changes investors are trying to make sense of right now. Recorded in front of a live audience at Ultra Meetup, this conversation cuts through the headlines and focuses on what actually matters if you own property, invest through a trust, or are weighing up shares, super and debt.
Owen and James break down the proposed changes to family trusts and bucket companies, why negative gearing and capital gains tax have become such a flashpoint, and how debt recycling is being interpreted more tightly after recent ATO guidance. They also explore what these shifts could mean for SMSFs, geared ETFs, gifting to kids, sequencing risk and the broader question facing many Australians: if the old playbook is changing, what should thoughtful investors do next?
Rather than offering scare campaigns or silver bullets, this episode is a practical Q&A on how to think through the new rules, the trade-offs they create and the strategies people are likely to revisit as the policy landscape evolves. If you want a grounded take on trusts, property, CGT and wealth-building after the latest Budget proposals, this is a timely listen.
This episode was recorded at the Royal Society of Victoria. You can learn more at their website https://www.rsv.org.au/ or their Instagram https://www.instagram.com/royalsocietyvic/
Episode resources
– Speak with the Rask Advice team
– Ask a question (select the Investors podcast)
Show partner resources
– ETF investor? Go beyond ordinary with Global X: View all funds
– Visit TermPlus to learn more
– Join Pearler using the code "RASKSWITCH" and get $32 of Pearler Credit
– Whatever comes next for your business, power it with Stripe
EOFY deals to know about - ending June/July 2026
– 1 free trade per month, for 12 months, for new Pearler customers
Rask resources
– All services
– Financial Planning
– Invest with us
– Access Show Notes
– Ask a question
– We love feedback!
Follow us on social media
– Instagram: @rask.invest
– TikTok: @rask.invest
DISCLAIMER: This podcast contains general financial information only. That means the information does not take into account your objectives, financial situation, or needs. Because of that, you should consider if the information is appropriate to you and your needs, before acting on it. If you’re confused about what that means or what your needs are, you should always consult a licensed and trusted financial planner. Unfortunately, we cannot guarantee the accuracy of the information in this podcast, including any financial, taxation, and/or legal information. Remember, past performance is not a reliable indicator of future performance. The Rask Group is NOT a qualified tax accountant, financial (tax) adviser, or financial adviser. Access The Rask Group's Financial Services Guide (FSG): https://www.rask.com.au/fsg Learn more about your ad choices. Visit megaphone.fm/adchoices
More from Australian Investors Podcast
Private credit has moved from an institutional niche into the portfolios of everyday investors seeking income and lower volatility. But higher income is not free: investors are paid to accept illiquidity, manager risk and the possibility that redemptions are limited when everyone wants out at once.
My guest for this week’s 2 Sense episode on The Australian Investors Podcast is Andrew Page, founder of Strawman - Australia’s #1 small cap investment community. Andrew is a very well known commentator, investor and all round good person.
Can AI make a business more productive — and less profitable? In episode three of The Business Stack of the Future on the Australian Investors Podcast, Owen Rask explores the pricing reset behind AI and the unit economics investors need to understand. If a tool helps four people do the work of ten, charging per user could mean less revenue even while customers get more value.
This episode is a special recording, taken live from Her Wealth Her Way II in Sydney, and features Scott Phillips, CIO of The Motley Fool, and Jess Leung, Portfolio Manager at Global X, alongside Owen Rask.
Rewind episode: Sometimes the most useful investing lesson is not another spreadsheet. In this Australian Investors Podcast replay, Owen Rask revisits his conversation with money coach Karen Eley about financial IQ—what you know about money—and financial EQ—how you think, feel and behave when decisions get uncomfortable. The original conversation first appeared on 24 November 2025.