As i understand the tax act, you need to dispose of the shares before you can crystalise the loss for tax purposes. Say for example you own abc coy and bought them for 10 dollars and an independent valuer valued them at 1 dollar. Unless you sell abc coy, you just have a reduced value, not a tax loss.
With Big, it looks like the sale (theft) of 80 percent of your shares will occur in july which triggers the CGT event
Administrators Report, page-188
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