COMMENT:

Recent developments across the Tasman illustrate two significant differences between the New Zealand and Australian sharemarkets.

These are the aggressive short-selling attack on WiseTech Global and the successful class action case against Myer Holdings.

They don't imply that the ASX is better than the NZX, or vice versa, but they do signal that we can expect similar developments in New Zealand, particularly as an expanding KiwiSaver sector attracts more active fund managers.

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WiseTech Global, which was founded by Richard White in Sydney in 1994, is a cloud-based software developer for logistic service companies in Australia and across the world.

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