Dlux
Not sure that is correct.
link to ATO ruling re pasminco stated
"An administrator was appointed for Pasminco Ltd on 19 September 2001. The company is not currently being liquidated, but there is a deed of company arrangement.
On 31 March 2005, the administrator of Pasminco made a declaration in writing that they have reasonable grounds to believe there is no likelihood shareholders will receive any further distribution from their shares.
Effect of a written declaration by an administrator
The administrator’s declaration on 31 March 2005 meant shareholders could claim a capital loss in their 2004-05 tax return."
http://www.ato.gov.au/individuals/content.asp?doc=/Content/45789.htm
No statement to that effect by our administrators yet
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is this a tax loss, page-6
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