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16:50
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Originally posted by Winter08
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I’m longer sure when the transfer will take place. I had assumed that delisted will transfer when big was still suspended. I’m no lawyer but would speculate that they are also unable to transfer registered ownership under rules of asx so the transfer of ownership form outlines the seller and buyer and terms and the declaration of trust outlines that you will hold the shares sold on behalf of delisted until the registration.
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Awesome, thanks so much. I'm thinking the same as you, it's just a declaration of trust as shares can't actually be transferred whilst the company suspended. The declaration of trust would trigger the CGT event. I'll also have a chat to my friend who is a lawyer to see if they can confirm. Thanks again, appreciate you sharing that info.
