prr news, page-7

I think you may need to be careful with that one as the ATO can take a dim view depending on timing - I seem to recall a ruling or something about the sale of an asset (typically shares) to realise a capital loss with the immediate reacquisition of the asset at a lower price thereby allowing you to retain your percentage interest. I think it said they didn't particulalry like it.

No expert on this matter so best if you can check with you tax agent.

As with all these things it is about timing so theroetically it could still work if you give yourself a bit of space between the sell and the re-buy (but that can hold its own risks)