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05 May 2025
| Name: | SATELLITE GROUP LIMITED (THE) (SAT) |
| Date of Delisting: | 30 August 2001 |
Stock Exchange Status:
This entity was delisted from the Australian Securities Exchange on 30 August 2001.Legal Status:
ACN: 087 721 079ABN: 67 087 721 079
Registration Date: 24 May 1999
Deregistration Date: 02 May 2010
Capital Gains Tax (CGT) Status:
This entity was deregistered on 02 May 2010. 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accepts no liability for any loss arising from reliance on this information, including reliance on information that is no longer current.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 deregistered 2/05/2010 | 02/05/2010 |
Greg Fisher, former MD was sentenced in the Sydney District Court to two and a half years jail - Fisher will be released after six months and must enter into a two year good behaviour bond - he used $220,000 of Satellite funds to finance his personal sponsorship of fashion designer Mr Alex Perry during Mercedes Fashion Week in May 2000 | 11/02/2005 |
reports that the prosecution in the case against Greg Fisher alleges that Satellite Group had lent $250,000 to Sydney Skytours at 12 per cent interest, repayable after 60 days - at the same time Satellite wrote a second cheque for $250,000 for shares in Sydney Skytours which issued $125,000 worth of shares to Fisher's private company, Mojava, and $125,000 worth of shares to another company, Sojo, owned by another Satellite Group director, Jonathon Broster - (Greg Fisher was subsequently cleared of four charges relating to an investment in tourism company Sydney Skytours Ltd) | 07/10/2004 |
reports that during December Greg Fisher was convicted of misusing his position as a Satellite director when he gave fashion designer Alex Perry more than $220,000 of Satellite's money to host an Australian Fashion Week show - although Fisher argued it was a Satellite investment, brochures from the show read "brought to you by Greg Fisher", with no mention of the company | 31/12/2003 |
Greg Fisher will face court on 10 charges relating to the alleged misuse of company funds - the trial is set to commence on 28 February 2003 | 29/11/2002 |
Greg Fisher, former MD has been committed to face trial on further charges brought by ASIC. ASIC alleges Mr Fisher improperly used his position to gain a financial advantage for himself to the value of $250,000 | 25/11/2002 |
ASIC completes proceedings against Messrs Fisher and Broster for making improper use of their positions | 27/12/2001 |
company delisted | 30/08/2001 |
delisted due to failure to pay annual listing fee | 30/08/2001 |
a loss declaration has been issued and the capital loss can therefore be claimed in the financial year the declaration is issued | 20/06/2001 |
company goes into liquidation and T McGrath of KPMG appointed liquidator | 15/06/2001 |
ASIC launches proceedings against Messrs Fisher and Broster alleging breach of dutes | 11/12/2000 |
report that T McGrath informs creditors' meeting that shares in the group are worth very little | 28/11/2000 |
T McGrath of KPMG appointed administrator | 17/11/2000 |
Dr Kerryn Phelps resigns as chairman of the company | 09/08/2000 |
company deregistered 2/05/2010 | 02/05/2010 |
Greg Fisher, former MD was sentenced in the Sydney District Court to two and a half years jail - Fisher will be released after six months and must enter into a two year good behaviour bond - he used $220,000 of Satellite funds to finance his personal sponsorship of fashion designer Mr Alex Perry during Mercedes Fashion Week in May 2000 | 11/02/2005 |
reports that the prosecution in the case against Greg Fisher alleges that Satellite Group had lent $250,000 to Sydney Skytours at 12 per cent interest, repayable after 60 days - at the same time Satellite wrote a second cheque for $250,000 for shares in Sydney Skytours which issued $125,000 worth of shares to Fisher's private company, Mojava, and $125,000 worth of shares to another company, Sojo, owned by another Satellite Group director, Jonathon Broster - (Greg Fisher was subsequently cleared of four charges relating to an investment in tourism company Sydney Skytours Ltd) | 07/10/2004 |
reports that during December Greg Fisher was convicted of misusing his position as a Satellite director when he gave fashion designer Alex Perry more than $220,000 of Satellite's money to host an Australian Fashion Week show - although Fisher argued it was a Satellite investment, brochures from the show read "brought to you by Greg Fisher", with no mention of the company | 31/12/2003 |
Greg Fisher will face court on 10 charges relating to the alleged misuse of company funds - the trial is set to commence on 28 February 2003 | 29/11/2002 |
Greg Fisher, former MD has been committed to face trial on further charges brought by ASIC. ASIC alleges Mr Fisher improperly used his position to gain a financial advantage for himself to the value of $250,000 | 25/11/2002 |
ASIC completes proceedings against Messrs Fisher and Broster for making improper use of their positions | 27/12/2001 |
company delisted | 30/08/2001 |
delisted due to failure to pay annual listing fee | 30/08/2001 |
a loss declaration has been issued and the capital loss can therefore be claimed in the financial year the declaration is issued | 20/06/2001 |
company goes into liquidation and T McGrath of KPMG appointed liquidator | 15/06/2001 |
ASIC launches proceedings against Messrs Fisher and Broster alleging breach of dutes | 11/12/2000 |
report that T McGrath informs creditors' meeting that shares in the group are worth very little | 28/11/2000 |
T McGrath of KPMG appointed administrator | 17/11/2000 |
Dr Kerryn Phelps resigns as chairman of the company | 09/08/2000 |
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