Ann: Response to Media Article , page-11

No the tax losses are still available.
There are a number of tests that a new owner needs to satisfy.
Continuity of ownership would obviously be out but Continuing the same style of business would pass muster.
What also needs to be considered is the legal structure and I don't know where the losses lay eg) Nexus doesn't own LongTom, Nexus owns 100% of the entity that owns LT. If the losses are in the LT entity or for that matter the Crux subsidiary then even though there is a change of ownership in the parent company, they can demonstrate continuity of ownership of the taxpayer entity that has the losses