"Income from selling shares in a company that is a PDF at the...

"Income from selling shares in a company that is a PDF at the time of sale is exempt from income tax. Any capital gains or capital losses from the disposal of PDF shares are disregarded."

https://www.ato.gov.au/Forms/Company-tax-return-instructions-2018/?page=36

I know DB is appealing the decision to revoke PDF status, but I don't know what legal actions could be taken against whatever former Directors responsible for the breaches. My feeling is we have the opportunity for a CR before too long. The company has no cash and no prospect of keeping a decent share in PEP11 without cash.