Yep while that statement is probably true you need the administrator / liquidator to send a letter to shareholders as per the Cudeco example - Hopefully you dont find yourselves stuck for years like the PLV holders.
thread goes back for years
https://hotcopper.com.au/threads/what-is-worst-case.1962361/page-2#post-46265668
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Claiming Tax Loss A40, page-63
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