Pensions tax changes see Aussie execs quit
Macquarie execs to retire due to new pensions tax changes, according to reports
Changes to Australian tax rules could lead to a third executive quitting
Bank in quick succession.
Deputy chairman Mark Johnson is expected to announce his retirement from the
investment bank, reports the FT.
Reports suggest that Johnson and two other executives will retire due to
changes in pensions law in Australia from 1 July. The changes will make it more
tax-efficient for some executives who are around 60 years old to retire or go