Find any Australian or New Zealand company or fund (dead or alive) by using SEARCH above or go directly to the site:
Shareholders and their advisers should read this web page if they are interested in the availability of tax losses in 2024/25.
deListed monitors distressed and failed companies constantly and is uniquely qualified and licensed (Australian Financial Services License 334036) to provide this specialised service.
We cover below the securities of companies suspended from quotation, delisted, unlisted and/or in external administration. We will acquire such securities in a valid "arms length" transaction if you wish to realise your loss for capital gains tax purposes.
If you are unable to find your company in one or other of the schedules below, even though it is suspended from quotation, please email us to admin@delisted.com.au with the full and exact name and code of your company.
There are four categories of capital loss companies in 2024/25:
1. Loss declarations issued this year
A loss declaration has been issued during 2024/25 for the following companies and shareholders can choose to make a capital loss in the 2024/25 income year.
Company Name | Code | Date of Declaration | Shares last traded |
Booktopia Group Limited | BKG |
21/11/2024 |
17/06/2024 |
Longreach Oil Limited | LGO |
06/12/2024 |
29/05/2017 |
Optima Technology Group Limited | OPA |
1/11/2024 |
13/07/2023 |
This table is updated throughout the year as soon as we become aware of the issue of a loss declaration. You will need to go to the individual company's record (see News & Events) on this website to download the declaration.
2. Loss declarations issued in previous years
If shareholders did not choose to make a capital loss for the following companies in the income year the declaration was made, they can do so now only by disposing of their securities:
Company Name | Code | Date of Declaration | Income year in which claim had to be made | Shares last traded |
FOREST ENTERPRISES AUSTRALIA LIMITED |
FEA
|
29/06/2012
|
2011-12
|
29/02/2010
|
QUINTIS LIMITED (now A.C.N. 092 200 854 LTD) |
QIN
|
10/09/2019
|
2019-20
|
17/05/2017
|
We recommend shareholders consider disposing of their securities in the above companies, which they can do so quickly and simply at "Sell your worthless shares". The alternative is to wait until the company is deregistered before claiming the loss, but you should be aware that deregistration may not occur for many years.
3. Worthless share companies 2024-25
(please scroll down list)
Since 2003 we have prepared an annual list of capital loss companies. Each year it is provided here and circulated to stockbrokers, fund managers, investors and others, Australia-wide. This year we have reviewed the financial position of about 340 relevant companies in order to produce the following list. Please scroll down to check if your company is on the list.
Securities in the above companies are of little, if any, value in our view. Eligibility is determined by reference to the circumstances leading to a delisting or suspension, the length of a suspension, share trading history and last on-market share price, most recent financial and cash flow statements, prospects (including likelihood of re-financing) and other factors. If "Status" is "Former Name" click on the company's name to ascertain its current name. The crystallisation of a capital loss usually makes good economic sense and we suggest shareholders consider disposing of their securities in these companies, which they can do so quickly and simply at "Sell your worthless shares".
4. Securities quoted but no longer trading
There are a number of listed companies that are no longer trading because their shares are virtually worthless. If you wish to realise a loss please contact us (admin@delisted.com.au) to determine if the security is eligible.
5. Other Companies
If your company has failed or is delisted or suspended from quotation and does not feature in any of the above categories it is likely that:
• The company is suspended from quotation temporarily and we believe it will regain quotation (or perhaps be taken over) without substantial loss of value. You should go to the individual company record on our website and view News & Events and/or ASX Announcements to confirm or email us to admin@delisted.com.au.
or
• The company has been deregistered and the capital loss can be claimed, providing of course it has not previously been claimed. (note that the capital loss is only made in the year the company is deregistered - which also means if is not applied against a capital gain in that year, it is carried forward.) See our " Deregistered Companies" webpage for a list of deregistered companies. There is a small fee to see the whole list but you can usually find an individual company's deregistration status by searching on the company and going to its record.
or
• A liquidators or administrators declaration has been issued in a previous income year and the company is now in liquidation (as distinct from "in administration"). If you did not choose to make a capital loss when the declaration was made you will have to wait until the company is deregistered before you can claim your loss. Our Loss Declarations webpage features many of these companies. There is no fee to view this.
Recapitalisation and requotation
Many shareholders have asked us about the possible value of their shares if their company is restructured and able to regain quotation. In our experience the residual value of an average shareholding has been negligible in such circumstances. The best way to demonstrate this is to take two prominent companies that were recapitalised and subsequently regained quotation:Transfer of securities
Shareholders should be aware that some of the companies in the above schedules are in administration. While s437F of the Corporations Act restricts the transfer of shares in such companies, the Australian Taxation Office has determined that in certain circumstances the capital loss can be crystallised. Our documentation and process has accomplished this for thousands of transactions since tax year 2003/04. We are not aware that any claim has ever been disallowed by the ATO.Shareholders seeking further background should see our Loss Declarations, Deregistered Companies and Capital Gains Tax Basics webpages.
HELP PLEASE
deListed and InvestoGain are largely the result of voluntary effort. We welcome input and updates from investors, company officers, insolvency practitioners, regulatory bodies, registries and others to admin@delisted.com.au.
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