Families that sense this tension early can take a different course. Rather than framing succession as a binary choice of in or out, they can create what might be thought of as‘safe sandboxes.

Look to the headlines: anti-semitic incidents are regular occurances and protests turn uglier each week with threats spilling onto schoolyards and campuses. Within months, Australia’s universities have been threatened with funding cuts for failing to protect students from threats motivated by hatred, while the Government pushes suggests stripping visas from migrants who bring hatred to our shores.

Family Offices are Setting the Agenda Listen to Robert read this post below...    The story began quietly, away from the headlines and...

In the current rush to reinvigorate Australia’s culture of giving, it’s hard not to be swept up in the positivity. Overlaying this practical tension is another layer. One where the emblem of reform masks an unforeseen fiscal dividend for Canberra.

But what about those waiting in the wings? It’s easy to assume the next generation is ready to step up, but capacity here is about more than just meeting the legal minimum. It’s about financial literacy, emotional intelligence, and the ability to navigate the sometimes choppy waters of family dynamics.

For family businesses, the end to the financial year is much more than just a date on the calendar or a stack of invoices waiting to be reconciled. It is a time when the conversations shift from what happened last quarter to what comes next, not just for the business, but for the family running it.