Note: Where available, the PDF/Word icon below is provided to view the complete and fully formatted document
Tax reform now the priority



Download PDFDownload PDF

Media Release Investm ent & Financial Services A s so a a iio n Ltd

11 May 1999

TAX REFORM NOW THE PRIORITY

The Investment and Financial Services Association (IFSA) this evening released its comments on the Government's '99 Budget. IFSA represents 60 life insurance and funds management companies which invest over $450 billion on behalf of more than

nine million Australians.

Lynn Ralph, IFSA's CEO, said 'The budget is a well integrated package with a bottom line that sends very positive signals to domestic and overseas financial markets. Low inflation, low interest rates, and a tight rein on government expenditure in combination are good for investment.”

'‘With a strong fiscal foundation now in place, IFSA calls on all political parties to expedite the debate and passage of the Government's tax reform legislation,” Ms Ralph concluded.

For further information please contact Lynn Ralph on ph: (02) 9299 3022 or mobile: 0417 232 958.

Level 24, 44 Market Street, Sydney NSW 2000 Ph:

Email: ifsa@,ifsa.cotn.au Fax:

61 2 9299 3022

61 2 9299 3198