Worst case scenario have to sell shares out of super to pay a gain not realized then the shares fall and the only way to claim the loss as I understand is if you have a future gain. So not only do you lose some of your shares if they fall never to recover those losses can't be claimed either.
And being forced to dump shares when the directors have such a large holding could play into takeover tactics etc. It's not like the directors likely have other huge assets they can use to cover the gains they may never realize.
It is an abominable policy.
I dont know how much the directors have in their super accounts hopefully not too much versus normal trusts, but obviously there is no real way to unwind it as I can see.
Not financial advice,
I suggest everyone read up or get advice about this. By the time your kids grow up this will impact a huge number of people.
WA1 Price at posting:
$13.20 Sentiment: Hold Disclosure: Held
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