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#043 - 5 ways Entrepreneurs Can Protect Themselves From Labor’s Tax Grabs · Beyond Sovereignty

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Capital Gains Tax, Division 296. Unrealised
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gains on super. Labor is coming for everything. Most
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people believe leaving the country is the only way
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around it, but the reality is there are five ways Australian
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entrepreneurs can protect what they have built.
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Over the last 20 years, I've helped hundreds of
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entrepreneurs set up and run not-for-profit structures legally
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and compliantly. fight the system. That was last
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decade, guys. We are playing the system. So in
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this episode, I am going to be stepping you through the five
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ways Australian entrepreneurs can protect their wealth and
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assets. Number one, understanding income tax. Now,
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income tax is only for middle-class people who
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want to pay tax and support the government. And I want some
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people to be doing that. Maybe, maybe, I don't know, do I? Maybe that was a lie. But
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income, okay, let's go through it. You need to know this. Now, I
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have a full episode on it so you can totally go and watch that episode because it's lit.
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But in the meantime, income tax is
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for people that are profiteering. Now, if you don't want to
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be a profiteer and you want to create an impact,
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you want to be of purpose, and you provide service to other
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people or products that are beneficial to other people,
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isn't that like everybody? Then you can be in
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an income tax exempt structure. And what that
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means is that you, number two, start a structure that
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is unincorporated or incorporated not-for-profit.
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Now, people talk about the private and the public. I like to simplify it so
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that we're not going into some woo-woo esoteric stuff. Let's keep
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it grounded on the legislation. We've got unincorporated over this side, and
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we've got incorporated entities here. So just like you
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would have a private trust, most government departments and
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every corporation has, you have an unincorporated association
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as well. Now, unincorporated associations are everywhere. They're
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your local PNC at your school, at the primary school. They
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are the canteen at your kids' school as well. They are the local soccer
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club. They're also the Labor Party, the Liberal Party, the
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Catholic Church, the Uniting Church, football clubs, all
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of these entities, and 115 RSL clubs as well in Australia. All
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of these entities are unincorporated not-for-profit associations.
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Now what an unincorporated not-for-profit association means is
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it is a group of people that have come together to
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be of service to the greater community and they
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are going to be self-governed and they get to choose if
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they want to be a income tax exempt entity.
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and that is all created in their legal governing documents.
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So just like the Labor Party, the Liberal Party, the Catholic Church, the Greens, all of those guys,
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they've got self-governing documents that are all available online
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for you to go and look at their constitutions and
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see how they are legally doing this in Australia and how
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any funds that come in are not deemed as income because
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they are going towards the purpose of those organizations. Now
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a lot of you will be like, but I've got a family in a community and I wish that I
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didn't have to pay income tax because all of my money goes to them anyway. Exactly,
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babe. So why are you paying tax? It doesn't make any
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sense. When you are not profiteering, all
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of your funds are already going to community, to
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families. And if you had more money, like so many people I
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speak to, they're like, if I had more money or when I get to this place, then all I
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want to do is be of service, create a legacy, actually leave
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something tangible on this planet so that my great-great-grandkids or
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future generations are benefiting from what it
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is that I've created in this world. You're a charity already,
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but you're just doing it through a PTY, LTD, or a
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sole trader, yucky word, sole trader,
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when you could be set up as a not-for-profit. and then you
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could actually be in the right vehicle so that
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your organization can create wealth, it can have investments, it
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can set up future generations, and it can also create massive systemic
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change for the future as well. So that is
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the unincorporated entity. Now the other thing that we
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have is incorporated entities. Now we love to
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use federally recognized charities as the
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not-for-profit structure for incorporated entities. And a lot of
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people are like, that's unethical. Why could
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you or why could somebody else be a charity? Now, when
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you actually go onto these websites, the government registered websites,
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and you actually see who are charities, yeah,
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sometimes I do vomit in my mouth because I'm like, wow, there
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is so many people I know that deserve to be a charity more than those people,
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and that's a billion dollar brand that is literally funneling money to
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bad things, whereas Us and all of
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the people that I work with are kind-hearted, good people
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that really want to create systemic change in the world. And
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why would you be anything else but a charity? So
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that you can get not only your funds going into the impact and
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the legacy that you wanna create, but when you're a charity, you can get government funding.
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You can get corporate donations. You can have multiple six
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and seven figure donations and funding coming in from entities
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that love to support charities. The only
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reason the ATO doesn't wanna support you is because you've said that you're
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gonna be an income earner. Whereas if you tell the ATO that you want to
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be a charity and that you want to have income tax exemptions and you also want
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them to fund you, then they'll, like we've got here, they'll provide you
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emails that say, we love supporting you as a charity. You're doing
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amazing. You're income tax exempt. How can we now
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support you in other ways? Wouldn't you prefer those
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messages from the ATO? Believe me, it does something completely
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different to your nervous system where you can actually open
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up your channel of creativity and allow all of the things that you really
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wanted to build in this world to come through and actually be funded by
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corporations and the government. Unincorporated and
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incorporated entities are a completely different way of
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living that will support the vision that you are actually here for.
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And number three, tax structures aren't the
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ultimate security anymore. Now, a lot of you know about the
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federal budget that came out a few months ago, early 2026 in
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Australia, and it changed the game for everything. Prior
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to that, everybody had everything in trusts. I know that I had
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trusts earlier on, and I still have some trusts as well, but
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now it really has screwed a lot of people over.
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And we're still in that limbo area until mid-2027, but
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what we can do instead of using and fooling and
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relying on these trust structures that are now unstable
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is work in the area that has the most stability in
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Australia and have structures that are from the most stable
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sector in Australia and globally as well, which
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is the not-for-profit space. So when we have these federally recognized
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charities, it means that we have ultimate security.
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Because these structures are not only state
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federally recognized, they're also internationally recognized.
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Like the structures that we help people set up, they were from
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the UK and they are older than Australia is.
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So that's why they provide the ultimate security. They are older
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and have been used more. They're older than Australia and they've been used
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more than any other structures around the world. They're majestic,
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let's say. And number four is working with the ACNC rather
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than the ATO. Because so many people that come to me or
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go and see an accountant, a lawyer, anybody, it's always an issue with
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the ATO. So why do you work with them? Why
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don't you work with another sector of the government? oh, because nobody
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told you there was another sector that you are eligible for
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if you have the right structures. Now, the ATO, I
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don't know if you've dealt with them, but when you call these guys, it's
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like torture for most people. Not only the massive long wait
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that you have on the phone with them, but you get the most inconsistent results
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from the people that work there. Well, you know what, when you
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deal with the ACNC, you get a lawyer, a
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lawyer that is black or white. They know the system, there
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is no grey area, so there is no misconceptions and
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misconstrued information anywhere, similar to what happens with the
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ATO. These lawyers are lit, it is great
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to work with them. They answer the phone in generally 10 minutes, sometimes
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it's five, it is so great, and they will tell you exactly, you
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can do this, you can't do this. Yes, we support you in doing it. Hey,
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tell me what your charity is about because we deal with all of the charities in
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Australia and we might be able to link you out with somebody else who
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provides funding for exactly what it is that you want to do. Can
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you imagine, instead of working with the ATO who wants to take your money,
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you've got these lawyers that want you to win and they try to
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set you up with other people who can support your
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charity. Like, it blows my mind
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how amazing this is and nobody knows about it and
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everybody is, I don't know, too scared to even
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have a look into it. When you understand that there is another
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way that is so supportive, honestly, it changes your
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life. You go out of hustle mode and you actually
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go into relaxing and calm and you
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enjoy your business. And instead of it sucking and
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draining the life force out of you, it energises you.
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It gives you joy and you can't wait to do
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more projects. Because that's the best thing. When you're
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in this sector, you get to get funding from outside
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entities, the government or corporations, and they've got all these projects that
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you can work on. And guess what? They put out different kinds of
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funding every single week. Every single week, they launch
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30, at least, 30 new ways that they want to fund people.
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How cool is that? And you might say, well, how do I even find that funding?
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Well, for my clients, we've got AI bots that do it all for them, and they give them
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a weekly report so that they know exactly what they
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are eligible to apply for this week. So you could do the
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same, set up your own AI bots that go and do the research and
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see what funding is out there that is relevant for you, and
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then you apply to 30 grants that week, and you only get about one
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in five. So if you're applying for 30, that's some really good six figures
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that you could have in your bank account in the next six months. So rather
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than just concentrating on income, we want to concentrate on
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revenue that comes literally from the government and from corporations that
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want to fund entities like you. Isn't that a nice
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afternoon spent You just spend the afternoon going and researching a
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couple of grants, apply for those through proposals,
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and then in six months' time, you could have multiple six or seven figures coming
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into your organisation to support your dreams. So much
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better than having to sell to a whole lot of clients that afternoon and not
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knowing what you're gonna get, and making maybe five
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figures. Why not go to the bigger pools
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of funding and money and actually get in funding to support
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your dreams? Guys, there is a number five as well. A
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number five, which is another way to absolutely
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change everything and no need to run away anymore. So,
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number five is mindset. What you need to understand is that we are
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programmed middle class citizens. And
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what that means is that we are the income earners,
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we are the ones that pay debt, and we have been programmed
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multi-generationally by our parents, our grandparents, our
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great-great-great-great-great-great parents, all you can do in this lifetime is
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pay tax and die. They're the two things that are the most stable certain
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things in the world. But that's not how the elite think. They
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have got a completely different programmed rule
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set in their mind. And so this is what I love to work with my clients about
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is we need to reprogram you. Or
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you have the invitation now to reprogram your
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mind and realize that you are no longer needing
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to be a middle class taxpaying slave. You can
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actually be and elite thinking creative,
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because creativity is currency. The
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government funds creativity and
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innovation. I don't care whether you are
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a musician or an artist. Do you know how much funding
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you guys can get? I was speaking to my mates that are artists
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and musicians and they were just mind blown how
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they can go from struggling to having multiple six
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and over time seven figures come into their accounts and
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to support them to travel the world and share their
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artistic gifts with the world. And that's just artists. I
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don't care whether you're a veterinarian or you're somebody that's
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obsessed with eucalyptus leaves. Believe me, there is funding for
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all of those things so that you can get anything
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that you want to work on funded. And when you understand
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that you're not the one that has to go out and create the money, that the government
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is actually going to give you money so that you can go and work
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on these amazing things, you're never going to be the same again. You
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go from being a debtor into going to flipping
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over and realising that your creativity and your innovative ideas
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are wealth producing. and you're not
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the one that has to go and work for it, the government will literally give
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it to you because they want your ideas. I
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don't know, maybe they've eaten too many babies, but they have literally lost
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their ability to create new innovation. They
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give you a grant. People are like, well, why would they give me $200,000 to go
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and work on that idea? Because think
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about it, if they had a whole team of people working on that idea, it'd
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probably cost the government five to 10 times more to
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have a team work on it. And that team would probably take and
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draw that out for five or 10 years, whereas they can give you 200 grand
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and give you 12 months to work on a project, and you're
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the one that actually gets to work on that and create the
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innovative ideas for them. So it's actually so much easier for
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the government just to pay people to go and do that, or for a corporation to
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pay you to do it. Like, let's say, you know, BHP, one
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of the biggest companies in the world that's, you know, doing detrimental
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things to our planet, they've actually got a charity that
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is all about sustainability. Lol. Because whilst they're mining the
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earth, then they want to help people fix the earth. Right? And a
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lot of charities are like that. They have these funds
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that are there, like charitable funds that they will donate to people
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that have got causes. that help to correct the
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shitty things that they've done in the world. You
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could be the person that absolutely hates BHP
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and mining that they do, but then you've got a great idea to
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be able to take their terraformed mine sites
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and turn them into rainforests, and they want to pay you to do
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that. They will pay you multiple millions because it's already part of
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their constitution of how they are going to correct that land
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after they've screwed it up so much. So you're the one
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that has all of these brilliant ideas and they will literally pay you to go
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and do that because they could not be fucked to
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do it. So go and be that innovation creator. Allow
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yourself to just dream bigger of all of the things that you really wished
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that you could fix in this planet or all of the things, the
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dreams and ideas that you had as a child but everybody told you that's too big.
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Don't go and do that. Well, I'm telling you to play a bigger game. Play
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a bigger game because these corporations want to fund you to
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fix the shitty things that they've done in the world. So, allow
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your creativity to be your currency and that is
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how you will go from a debtor and scarce into
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wealth and innovation and full systemic impactual
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change that will literally change this planet
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and humanity for future generations. Nobody's coming
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to save you. You're here to save yourself. Now is the time where
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you get to step forward and really be that change maker. Guys,
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I have got some amazing freebies for you. There is literally a webinar, there's
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resources, booklets, PDFs in there for you for free
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so that you can find out all about these amazing tax exemptions,
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right? So that's for all of you guys that just want more information, need
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to know more about it. But then there's some of you out there that are like, actually, I want
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to know about this. I want to be doing this right now. I wanted this 10 years
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ago before I lost a million dollars in DAX. How can I get this set up
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right now? And you're ready to go. You guys, go into my
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show notes and book a call in my calendar, because let's chat.