Investor Weekly --- Page: 8 : May 2008 Original article by Victoria Young
LexisNexis Summary
Bruce Flegg has moved a private members' bill into the Queensland Parliament that calls for the abolition of stamp duty on life insurance. Flegg, the Opposition Treasury spokesperson, said on 30 April 2008 that life insurance is a "public good", and that the Queensland Government should be encouraging more people to take up life insurance, rather than making it more expensive. Flegg's stance has been welcomed by the Investment & Financial Services Association, with CEO Richard Gilbert stating it was time that stamp duty on life insurance was abolished by all states and territories.
