"For a start if you have an overall capital loss for the year you can claim 40% of it back at the end of the next financial year. That's right you can claim back 800 bucks as a tax refund as of 30 June next year..."
Are you sure on this? Capital Loss can only be offset by any Capital Gains and not by any other source of income. So if no Capital Gains, you're down 2k.
Unless I'm missing a hidden clause somewhere in ATO where it can be claimed back as tax refund...
