Nominal amounts of the order of one ($1) dollar to transact or...

Nominal amounts of the order of one ($1) dollar to transact or get rid of assets are not that uncommon in Oz.

That 50% shareholding being divested is 100% of what they held.

It means they will be left with 0%, Zilch,Nada,Nothing. This dog needs to be put down, never to be revived or reinvented. The dog handlers need investigating.

Note the terms regarding future liabilities.

What assets are left ? How much is in the kitty, Are they insolvent? Ask them? Good luck getting an answer.