Thanks for your post, climb. I might have to reconsider my...

Thanks for your post, climb. I might have to reconsider my opinion, or maybe the registry should.

Although, perhaps posters should consider the ATO advice on this subject -

"If a company is placed in liquidation or administration, company law restricts the transfer of shares in the company. This means that, in the absence of special capital gains tax (CGT) rules, you may not be able to realise a capital loss on shares that have become worthless unless you declare a trust over them."

http://www.ato.gov.au/individuals/content.aspx?doc=/content/36711.htm