Administrators Report, page-154

I believe that the $350k is not related to the transfer of shares. We will be giving our shares to them for free and they will be paying $350k into the deed fund to use as working capital. If it does through, then I think it's fair to assume that the most recent sale price is actually $0.00. We will all have sold 80% of our shares to the proponent company and we get nothing in return.

That's my personal take on it anyway and that's what I'll be using as my justification for the capital loss if the ATO question me on it. This is not my professional advice, your circumstances may be different, speak to your own tax agent etc etc.