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The Ralph Report: life insurance changes
Published on 01 Nov 99 by "TAXATION IN AUSTRALIA" JOURNAL ARTICLE
The changes for Life Insurance Companies are considerably different to those canvassed in the Ralph second discussion paper released in February 1999. One of the major changes from the discussion paper is that there has been a recognition that superannuation should be taxed in the same manner irrespective of the vehicle through which superannuation investment is canvassed, and other changes are contained in the mechanics or administration. Annuitants, pensioners and superannuation fund policyholders will be substantially left alone.
Author profile
Andrew Mills CTA-Life
Andrew Mills, CTA (Life), is the Second
Commissioner, Law Design & Practice,
from the Australian Taxation Office, has
overall responsibility for the ATO’s law
practice, including law interpretation,
dispute prevention and resolution,
and the ATO’s role in policy and law
design. Andrew has more than 30
years experience in taxation, including
periods in the ATO, commerce and the
tax profession. Andrew was a Director
at Greenwoods & Freehills for more
than 20 years and managing director
of the firm from 2006 to 2011. Andrew
was President of The Tax Institute in
2006–2007 and is a former Governor
of the Taxation Research Foundation.
In practice, Andrew was an active
participant and representative of a
number of industry bodies. Andrew
holds a Bachelor of Business, a Master
of Laws and a Graduate Diploma
in Tax Law. Andrew is a Chartered
Taxation Adviser (Life), a member
of the Australian Committee of the
International Fiscal Association and a
graduate of the Australian Institute of
Company Directors.
- Current at
02 November 2018
