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."
Contact: Greg Sherington
Phone: +61 2 9351 0202