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21 September 2024
| Name: | NEW TEL LIMITED (NWL) | ||||||||||||
| Date of Delisting: | 01 September 2003 | ||||||||||||
| Former Names: |
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Stock Exchange Status:
This entity was delisted from the Australian Securities Exchange on 01 September 2003.Legal Status:
ACN: 009 068 955ABN: 85 009 068 955
Registration Date: 21 June 1983
Deregistration Date: 23 April 2016
Capital Gains Tax (CGT) Status:
This entity was deregistered on 23 April 2016. Deregistration is a Capital Gains Tax Event. In our opinion you are entitled to crystallise any capital loss in the tax year that deregistration occurs providing you have not previously done so. If you did not crystallise your loss in the tax year the entity was deregistered, you may seek to re-open that year’s assessment but anyway should seek professional advice as to how best to proceed.
Updates, corrections, disagreements please email to admin@delisted.com.au
Further information: deListed and InvestoGain are operated by Investogain Pty Limited which is licensed by ASIC as an Australian Financial Services Licensee (AFSL 334036). deListed acquires only securities that it deems to be of little or no value, in circumstances where the holder is unable to sell their securities on-market in the normal manner. This service has been provided online via the company’s website www.delisted.com.au since 2004.
Getting advice: Information provided in this section is of a general nature and applicable only to Australian tax residents who hold their investments on capital account (ie for long-term investment purposes). It has been prepared without taking into account your financial needs or tax situation. Before acting on the information, deListed suggests that you consider whether it is appropriate for your circumstances and recommends that you seek independent legal, financial, or taxation advice.
Disclaimer: The information provided above is to the best of our knowledge accurate as of today. But you should bear in mind that it is of a general nature and does not constitute financial or tax advice. Investogain Pty Limited accepts no liability for any loss arising from reliance on this information, including reliance on information that is no longer current.
| Company | FROM | TO |
|---|---|---|
| NEW TEL LIMITED | 08/06/1999 | |
| TRANSCOM INTERNATIONAL LIMITED | 30/04/1992 | 08/06/1999 |
| TRANSCOM INTERNATIONAL NL | 22/08/1991 | 30/04/1992 |
| BLACK HORSE MINING NL | 22/08/1991 |
company deregistered today | 23/04/2016 |
the Liquidator has commenced an action against the directors for Insolvent Trading - he has also commenced actions against two other parties in relation to preference payments | 31/12/2005 |
delisted following failure to pay annual listing fee | 01/09/2003 |
the company has not paid its annual listing fee - it will be removed from the official list on 1 September 2003 if it does not pay the fee by Friday Aug 29 | 25/08/2003 |
a loss declaration has been issued and the capital loss can therefore be claimed in the financial year the declaration is issued | 20/05/2003 |
liquidator reveals the company's fixed-line customer base has been sold to RSL Com and he is now focused on selling the mobile business - suggestions that the company may have been trading while insolvent for up to 12 months before administration | 12/03/2003 |
creditors resolve to put the company into liquidation which will make it easier to realise the company's assets, the vast majority of which are legal actions - the other key issue is: did the company trade while insolvent and can this be proved | 13/01/2003 |
following the creditors meeting on 16 December 2002 deListed has put several questions to the administrator regarding the residual interests of shareholders - we will report on the response immediately it is received | 24/12/2002 |
report that the company's assets would fall short of meeting creditors claims and therefore that shareholders would receive nothing - a liquidator may, however, take actions against directors and other officers if the company is proven to have traded whilst insolvent | 22/12/2002 |
administrators advise market of various arrangements concerning creditors including confirmation of a notice of meeting of creditors that was held two days previously on 16 December 2002 | 18/12/2002 |
first meeting of creditors to be held in Sydney on Monday 16 December 2002 | 13/12/2002 |
P Carter and G Hall of PricewaterhouseCoopers appointed joint administrators amd will immediately begin an urgent assessment of the financial position of the business | 11/12/2002 |
company advises that it is finalising its accounts for the year ended 30 June 2002 and anticipates this process will be completed in the next 2-3 weeks | 10/12/2002 |
company confirms that the equity line (with Global Emerging Markets) referred to in its release of 13 Nov 02 is not available for drawdown until the company recommences trading on ASX and trades for a minimum of 20 days, and certain other conditions are met including reaching a minimum closing price of the company's ordinary shares of $0.12 | 10/12/2002 |
company confirms that the sale of its shares in Advanced Engine Components Limited (AEC) to Global Business Solutions Limited is not proceeding | 10/12/2002 |
company announces it has entered into an agreement with Broadband & Wireless Pty Limited (BWPL) pursuant to which BWPL has agreed to the terms upon which the company will repay to BWPL approximately $22m of debt which is to be acquired by BWPL from Telstra and Optus | 03/12/2002 |
company announces it is consolidating its business through out-sourcing telephony operations, divesting non-core assets and meeting debt obligations through a cash and share arrangement | 22/11/2002 |
company responds to ASX following a query regarding its strategic programmes | 19/11/2002 |
AKD Limited and Ashburton are claiming approximately A$10 million in damages from Cable and Telecoms Limited, which became a wholly owned subsidiary of NewTel following a successful takeover earlier this year | 15/11/2002 |
company advises it has not drawn down any funds from the $22m equity line with Global Emerging Markets | 13/11/2002 |
company advises that it has received a Notice under Section 203D of the Corporations Act 2001 from Wainter Pty Ltd which intends to move resolutions to seek the removal of various directors - board has initiated discussions with parties associated with Wainter to resolve the matter | 13/11/2002 |
company has executed agreements with RSL Com Partners Pty Ltd and RSL Mobile Pty Ltd to provide operational telecommunications services and infrastructure to New Tel | 13/11/2002 |
company advises that it has not proceeded with the proposed acquisition of DigiPlus Investments Limited and associated companies in Australia and New Zealand | 04/11/2002 |
securities of the company suspended from quotation following failure to lodge its annual report for the period ended 30 June 2002 in accordance with listing rules | 28/10/2002 |
name changed from Transcom International Limited | 08/06/1999 |
company deregistered today | 23/04/2016 |
the Liquidator has commenced an action against the directors for Insolvent Trading - he has also commenced actions against two other parties in relation to preference payments | 31/12/2005 |
delisted following failure to pay annual listing fee | 01/09/2003 |
the company has not paid its annual listing fee - it will be removed from the official list on 1 September 2003 if it does not pay the fee by Friday Aug 29 | 25/08/2003 |
a loss declaration has been issued and the capital loss can therefore be claimed in the financial year the declaration is issued | 20/05/2003 |
liquidator reveals the company's fixed-line customer base has been sold to RSL Com and he is now focused on selling the mobile business - suggestions that the company may have been trading while insolvent for up to 12 months before administration | 12/03/2003 |
creditors resolve to put the company into liquidation which will make it easier to realise the company's assets, the vast majority of which are legal actions - the other key issue is: did the company trade while insolvent and can this be proved | 13/01/2003 |
following the creditors meeting on 16 December 2002 deListed has put several questions to the administrator regarding the residual interests of shareholders - we will report on the response immediately it is received | 24/12/2002 |
report that the company's assets would fall short of meeting creditors claims and therefore that shareholders would receive nothing - a liquidator may, however, take actions against directors and other officers if the company is proven to have traded whilst insolvent | 22/12/2002 |
administrators advise market of various arrangements concerning creditors including confirmation of a notice of meeting of creditors that was held two days previously on 16 December 2002 | 18/12/2002 |
first meeting of creditors to be held in Sydney on Monday 16 December 2002 | 13/12/2002 |
P Carter and G Hall of PricewaterhouseCoopers appointed joint administrators amd will immediately begin an urgent assessment of the financial position of the business | 11/12/2002 |
company advises that it is finalising its accounts for the year ended 30 June 2002 and anticipates this process will be completed in the next 2-3 weeks | 10/12/2002 |
company confirms that the equity line (with Global Emerging Markets) referred to in its release of 13 Nov 02 is not available for drawdown until the company recommences trading on ASX and trades for a minimum of 20 days, and certain other conditions are met including reaching a minimum closing price of the company's ordinary shares of $0.12 | 10/12/2002 |
company confirms that the sale of its shares in Advanced Engine Components Limited (AEC) to Global Business Solutions Limited is not proceeding | 10/12/2002 |
company announces it has entered into an agreement with Broadband & Wireless Pty Limited (BWPL) pursuant to which BWPL has agreed to the terms upon which the company will repay to BWPL approximately $22m of debt which is to be acquired by BWPL from Telstra and Optus | 03/12/2002 |
company announces it is consolidating its business through out-sourcing telephony operations, divesting non-core assets and meeting debt obligations through a cash and share arrangement | 22/11/2002 |
company responds to ASX following a query regarding its strategic programmes | 19/11/2002 |
AKD Limited and Ashburton are claiming approximately A$10 million in damages from Cable and Telecoms Limited, which became a wholly owned subsidiary of NewTel following a successful takeover earlier this year | 15/11/2002 |
company advises it has not drawn down any funds from the $22m equity line with Global Emerging Markets | 13/11/2002 |
company advises that it has received a Notice under Section 203D of the Corporations Act 2001 from Wainter Pty Ltd which intends to move resolutions to seek the removal of various directors - board has initiated discussions with parties associated with Wainter to resolve the matter | 13/11/2002 |
company has executed agreements with RSL Com Partners Pty Ltd and RSL Mobile Pty Ltd to provide operational telecommunications services and infrastructure to New Tel | 13/11/2002 |
company advises that it has not proceeded with the proposed acquisition of DigiPlus Investments Limited and associated companies in Australia and New Zealand | 04/11/2002 |
securities of the company suspended from quotation following failure to lodge its annual report for the period ended 30 June 2002 in accordance with listing rules | 28/10/2002 |
name changed from Transcom International Limited | 08/06/1999 |
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Is there any value left in this company? I had some stocks handed down and need to know if there is any value | 10/01/2020 23:55:10 |
Date of first appointment, title may have changed.
Date of first appointment, title may have changed.
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