Ann: Class Action Settlement, page-32

Mkr

Sorry, I just do not know enough about the business to get a feel for what it is worth. The main factor that gives value to any business is the calibre of its management team, and TGA now probably does not have a team, so the best value I could invent is some percentage of NTA, less the $25m TGA has agreed to give Maurice Blackburn. It is possible that the Judge who OKs the settlement refuses to concede the $25m, as was the recent case in respect to Westpac's agreed $35m settlement with ASIC, but that is clutching at straws.

If I can think of a better response later, I'll come back to the issue. Unless the business continues, then the value of accumulated tax losses will be lost, and the franking credits too.