Ann: SALE AND RECAPITALISATION OF TEN, page-47

Quote from ASIC:

Shareholders are bound by a deed of company arrangement approved by creditors. Also, the deed administrator may transfer shares in the company with the written consent of the shareholder or with the court’s permission.

If a deed administrator makes a written declaration that they have reasonable grounds to believe there is no likelihood that shareholders will receive any further distribution at any time in the future, shareholders can realise a capital loss. To realise a loss, the shares in the company must have been purchased on or after 20 September 1985.

You may wish to seek tax advice about your ability to realise a capital loss if you hold shares in a company which has been placed in voluntary administration.

Not looking good on the 2nd para. CLASS ACTION BEFORE SUCH WRITTEN DECLARATION IS ENFORCED IMO