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27 March 2025
| Name: | ECTEC LIMITED (ECT) | |||||||||
| Date of Delisting: | 30 August 2001 | |||||||||
| Former Names: |
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Stock Exchange Status:
This entity was delisted from the Australian Securities Exchange on 30 August 2001.Legal Status:
ACN: 004 277 123ABN: 46 004 277 123
Registration Date: 22 February 1950
Deregistration Date: 20 March 2004
Capital Gains Tax (CGT) Status:
This entity was deregistered on 20 March 2004. 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accepts no liability for any loss arising from reliance on this information, including reliance on information that is no longer current.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 |
|---|---|---|
| ECTEC LIMITED | 01/10/1987 | |
| ELECTRUCK CASCADE TECHNOLOGY LIMITED | 01/08/1985 | 01/10/1987 |
| JAMES BELL MACHINERY HOLDINGS LIMITED | 01/08/1985 |
company is deregistered | 20/03/2004 |
a loss declaration has been issued and the capital loss can therefore be claimed in the financial year the declaration is issued | 15/10/2003 |
liquidator advises he does not anticipate being able to make a distribution to any class of creditor - and he shall not be able to recover his direct costs, the administration itself being totally unfunded - it would appear therefore that there will be no return to shareholders - we have asked the liquidator to issue a declaration to this effect so that shareholders can claim their tax loss | 14/10/2003 |
seeking update | 25/09/2003 |
liquidator advises that some investors and former directors met last week to look for a way forward - it is likely to be six months before liquidators are able to provide further advice to shareholders | 18/03/2003 |
shareholders are able to claim their loss as a liquidators declaration has now been issued (see 15/10/2003 below) | 05/12/2002 |
shareholders wishing to know what action, if any, is being taken by the liquidators should phone Daniel Civil at Rodgers Reidy on 02 9262 1944 | 05/12/2002 |
liquidator informs us that there will be no return to shareholders and a liquidators declaration will be issued - subsequently (see 5 Dec 02 above) there appears to have been a change in the position | 04/11/2002 |
from Continental Venture Capital's 2002 annual report - during the year CVC made significant progress in the reduction of its exposure to Ectec Limited - as part of the facility provided to the Ectec Group in 2000, CVC was assigned security over a number of trade receivables of Ectec Limited in relation to contracting claims it had incurred in the development of a number of major building projects. The claims principally related to valid variations incurred by Ectec which were disputed by the main contractor or in turn the developer. CVC has been required to fund the litigation to recover these claims - Ectec validly did the work to its financial detriment and larger development companies took advantage of Ectec's financial position to delay payment for the variations. Ultimately these delays caused the demise of Ectec. During the year CVC settled a number of these claims and during 2003 will continue to pursue all avenues to recover the outstanding receivables | 27/09/2002 |
liquidators are currently awaiting information from directors | 31/07/2002 |
company is not trading, has no assets and a deficiency of about $12m during period up to about | 30/06/2002 |
Peter Rodgers of Rodgers Reidy appointed liquidator | 06/06/2002 |
no one is looking after the company and ATO is about to appoint a liquidator | 05/06/2002 |
delisted due to failure to pay annual listing fee | 30/08/2001 |
five ECTEC operating subsidiaries placed into liquidation | 15/02/2001 |
Computershare assume responsibility for register - tel: 8236 2300 | 03/01/2001 |
regd office now c/- Continental Venture Capital - tel: 02 9223 8800 | 18/12/2000 |
T McGrath of KPMG appointed administrator of ECTEC operating subsidiaries | 08/12/2000 |
company experienced financial difficulties during period up to about | 06/12/2000 |
shares suspended - bankers withdraw support | 06/12/2000 |
name changed from Electruck Cascade Technology Limited | 01/10/1987 |
company is deregistered | 20/03/2004 |
a loss declaration has been issued and the capital loss can therefore be claimed in the financial year the declaration is issued | 15/10/2003 |
liquidator advises he does not anticipate being able to make a distribution to any class of creditor - and he shall not be able to recover his direct costs, the administration itself being totally unfunded - it would appear therefore that there will be no return to shareholders - we have asked the liquidator to issue a declaration to this effect so that shareholders can claim their tax loss | 14/10/2003 |
seeking update | 25/09/2003 |
liquidator advises that some investors and former directors met last week to look for a way forward - it is likely to be six months before liquidators are able to provide further advice to shareholders | 18/03/2003 |
shareholders are able to claim their loss as a liquidators declaration has now been issued (see 15/10/2003 below) | 05/12/2002 |
shareholders wishing to know what action, if any, is being taken by the liquidators should phone Daniel Civil at Rodgers Reidy on 02 9262 1944 | 05/12/2002 |
liquidator informs us that there will be no return to shareholders and a liquidators declaration will be issued - subsequently (see 5 Dec 02 above) there appears to have been a change in the position | 04/11/2002 |
from Continental Venture Capital's 2002 annual report - during the year CVC made significant progress in the reduction of its exposure to Ectec Limited - as part of the facility provided to the Ectec Group in 2000, CVC was assigned security over a number of trade receivables of Ectec Limited in relation to contracting claims it had incurred in the development of a number of major building projects. The claims principally related to valid variations incurred by Ectec which were disputed by the main contractor or in turn the developer. CVC has been required to fund the litigation to recover these claims - Ectec validly did the work to its financial detriment and larger development companies took advantage of Ectec's financial position to delay payment for the variations. Ultimately these delays caused the demise of Ectec. During the year CVC settled a number of these claims and during 2003 will continue to pursue all avenues to recover the outstanding receivables | 27/09/2002 |
liquidators are currently awaiting information from directors | 31/07/2002 |
company is not trading, has no assets and a deficiency of about $12m during period up to about | 30/06/2002 |
Peter Rodgers of Rodgers Reidy appointed liquidator | 06/06/2002 |
no one is looking after the company and ATO is about to appoint a liquidator | 05/06/2002 |
delisted due to failure to pay annual listing fee | 30/08/2001 |
five ECTEC operating subsidiaries placed into liquidation | 15/02/2001 |
Computershare assume responsibility for register - tel: 8236 2300 | 03/01/2001 |
regd office now c/- Continental Venture Capital - tel: 02 9223 8800 | 18/12/2000 |
T McGrath of KPMG appointed administrator of ECTEC operating subsidiaries | 08/12/2000 |
company experienced financial difficulties during period up to about | 06/12/2000 |
shares suspended - bankers withdraw support | 06/12/2000 |
name changed from Electruck Cascade Technology Limited | 01/10/1987 |
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