ZYL removed from CHESS, page-6

I am no expert in this area but do know ZYL went into VOLUNTARY ADMINISTRATION (only 6 months ago) which is a very different situation to LIQUIDATION.   As many Companies re-emerge from Voluntary Administration to run very successful businesses for years, a shareholder tax loss cannot be claimed until a Company is liquidated.

ASIC Information Sheet 43  explains this in language we can all understand.

http://download.asic.gov.au/media/1339292/Insolvency_guide_for_shareholders.pdf

Hope this is of assistance.   Have a happy day.
AL