News

Mergers and Acquisitions for Super Funds



1 August 2011

Professor Michael Dirkis comments on stamp duty costs associated with superannuation fund mergers.

In an interview with Financial Standard, Professor Dirkis said interstate mergers can indeed trigger stamp duty events.

"It's a disposal and reacquisition of the asset by the old entity that doesn't exist and an acquisition to the new merged entity," he said.

"If you don't remove that impediment, people's retirement benefits may be put at risk or trapped in non-performing fund as the cost of merger is too high."
View the entire article - A minute to midnight sees super funds merge - Financial Standard


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