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The Ralph Report: life insurance changes

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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
Photo of author, Andrew MILLS Andrew Mills, CTA-Life, is Chair of the Financial Reporting Council Australia, Acting Chair of the Board of Tax, Principal Fellow at Melbourne University Law School and a member of the ANU’s Tax and Transfer Policy Institute Advisory Board and the Executive Committee of IFA Australia Branch among other roles. Previously, Andrew was the Second Commissioner, Law Design & Practice, at the Australian Taxation Office from 2013–2019. Andrew has over 40 years’ experience in taxation, including periods in the ATO, commerce and the tax profession. Andrew was a Director (Partner) 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. Andrew holds qualifications in Business and Law and is a Chartered Taxation Adviser (Life), a Fellow of CPA Australia, a Graduate member of the Australian Institute of Company Directors and a Fellow of the Governance Institute of Australia. - Current at 06 January 2026
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