The MQA board has decided that a transition to internalisation of the management of MQA is now appropriate.
The independent directors will now begin engagement with Macquarie to determine the most efficient process through which this can be achieved and expect to be able to provide an update no later than the next AGM.
Board chairs Nora Scheinkestel and Jeff Conyers said: “The time has come for MQA to build its own internal management capability. The independent directors will work with Macquarie to progress the steps required to complete the transition in a way that is in the best interests of securityholders.”
MQA is being advised by Adara Partners and King & Wood Mallesons.
Last month, MQA announced the chief executive officer Peter Trent would step down in January.
The Australian investor also bought an additional stake in a French motorway operator.