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Trustees Australia Ltd Sells Interest In Administration Partners Pty Ltd And My Super Solution Pty Ltd


Thursday, 14 Mar 2013 01:07am EDT 

Trustees Australia Ltd announced that it entered into and completed an agreement to sell its interest in two wholly owned subsidiary companies, Administration Partners Pty Ltd (Admin Partners) and My Super Solution Pty Ltd (MSS) to FNZ (Australia) Pty Ltd (FNZ). Admin Partners and MSS, together provide Internet based superannuation administration software and associated technical services to administrators of pooled superannuation funds on a fee for service basis. The consideration for the sale is payable in three instalments of which the first instalment of AUD 100,000 has been received; the second installment is to be paid on April 4, 2013 with a final instalment of AUD 500,000 due for payment on January 17, 2013, which is a total of AUD 1,000,000. 

Company Quote

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22 Dec 2014