ASIC have concluded the arrangement was a sale with the option...

ASIC have concluded the arrangement was a sale with the option to repurchase

therefore all taxes paid by opes clients over the last 4 years have been miscalulated

you sold your stock to opes..for no consideration..other than what they advanced (a interest bearing loan anyway)

All end of year stock holdings should be recalculated to zero

i know one case were the client is going to claim $6m immediately

when these claims file in watch the tax office get a ruling it was a margin loan and the rest was just a legal nonsense