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On 12 June 2009, the Taxation Institute lodged a submission with Treasury on the Life Insurance Companies: Exempt Life Insurance Policies discussion paper which was released by Treasury on 12 May 2009.

The Taxation Institute recommends certain modifications to the approach suggested in the discussion paper. These recommendations are outlined in the submission. In particular, the Taxation Institute recommends that the amendments apply retrospectively, with effect from 1 July 2000, instead of from 1 July 2002 as proposed in the Paper.

For a copy of the submission, go here

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