Published on 19 Mar 04
by NATIONAL EVENTS, TAXATION INSTITUTE OF AUSTRALIA
This seminar paper covers the following topics:
- why rationalisation of financial products is an imperative for the industry
- the shared objectives of the product providers, customers and regulators
- the obstacles to product rationalisation - tax and other considerations
- the solution and what we need to do to achieve it.
Michael Brown CTA
Michael is Head of Tax at MLC, National Australia Bank's Wealth Management Division. Prior to joining MLC in 2002 he spent eight years at BT Financial Group where he was Chief Tax Counsel. He is Chairman of the Investment and Financial Services Association's Tax Working Group, Chairman of its Product Rationalisation Group and a member of their Economic, Savings and Tax Committee. Michael has been a key participant in the recent discussions with APRA, ASIC and the Treasury concerning product rationalisation. Current at 19 March 2004
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