Why did Rest Super appeal the court ruling involving Dexus (ASX:DXS)?

Rest Super filed the appeal to protect its independent infrastructure investments and the interests of its 2 million members after a court ordered the forced sale of its airport assets.

What is the total size of the disputed Melbourne Airport stake?

The total asset size under dispute equals a 4.5% stake in the airport operator, which includes a 2.8% indirect holding managed by Dexus (ASX:DXS) and a 1.7% direct holding by Rest Super. The entire 4.5% combined position is currently subject to the forced sale order.

What caused the court to order the forced sale of the Dexus (ASX:DXS) holdings?

The NSW Supreme Court ordered the sale after ruling that Dexus (ASX:DXS) breached a three-decade-old shareholder agreement by sharing confidential asset information with prospective buyers in 2024.

What is the final deadline for the Dexus (ASX:DXS) bloc to submit an appeal?

The Dexus (ASX:DXS) bloc shareholders have an official deadline of 26 June to lodge their formal appeals against the compulsory divestment ruling. If no further legal appeals succeed by this date, existing airport investors retain the first rights to buy up the offloaded stakes.

How did the market react to the Dexus (ASX:DXS) announcement?

Following the public announcement of the legal appeal, the Dexus (ASX:DXS) share price remained unchanged at $7.22. The market stability reflects steady investor holding patterns despite the ongoing legal dispute over the airport infrastructure assets.

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Rest Super appeals Dexus forced airport stake sale

Written by Brie CarterPublished Jun 18, 2026, 10:29 PM

Rest Super has filed an appeal against the court-ordered forced sale of its Melbourne Airport holdings.
The legal dispute leaves the total 4.5% airport stake subject to divestment by late June.
The appeal aims to protect the superannuation fund's independent infrastructure investments and member interests.

Rest Super has appealed a court ruling forcing the sale of its 4.5% Melbourne Airport stake managed by Dexus (ASX:DXS).

The forced sale followed a Supreme Court ruling that Dexus breached a three-decade-old shareholder agreement.

Other airport shareholders alleged that the funds manager shared confidential information with prospective buyers in 2024.

The disputed assets include a 2.8% indirect holding alongside an additional 1.7% direct holding.

Existing investors hold first rights to buy the assets if the group does not appeal by June 26.

Following the announcement, the Dexus share price was unchanged at $7.22.

Rest Super represents approximately 2 million workers and continues to manage its separate direct investments.

Rest Super appeals Dexus forced airport stake sale

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