Originally posted by aussienorm
Or may be transfer them to an account in your own name other than your SMSF ? I may do the same if that is legal re ATO rules re SMSF.
I wonder have the directors had to change their lifestyles ie change where they live or downsize etc or if the demise of BIG UN has had no economic affect on them at all.
Thanks for your suggestions , I suspected there would be others like me with the same problem.
Just have to wait until end of March I suppose as presume if the DOCA is implemented and we lose 80% of our shares then there would have to be a value attached to that wouldn't it??
Liquidation , under the circumstances , would obviously be cleaner and preferable as unfortunately at being in my 70's there is buckly's chance of them being of any value whilst I am on this mortal coil!!
Cheers