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23 April 2025
| Name: | SMART COMMUNICATIONS GROUP LIMITED (SCG) |
| Date of Delisting: | 30 August 2002 |
Stock Exchange Status:
This entity was delisted from the Australian Securities Exchange on 30 August 2002.Legal Status:
ACN: 090 744 513ABN: 13 090 744 513
Registration Date: 30 November 1999
Deregistration Date: 23 March 2011
Capital Gains Tax (CGT) Status:
This entity was deregistered on 23 March 2011. 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accepts no liability for any loss arising from reliance on this information, including reliance on information that is no longer current.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 23/03/2011 | 23/03/2011 |
a final dividend is declared on 6 March 2009 for the Company | 06/03/2009 |
liquidators confirm that no action will be taken in respect of insolvent and wrongful trading - they submitted their report to ASIC who decided that no further action would be taken - the liquidation can therefore be finalised - the liquidators have recently advertised for claims from unsecured creditors as there will be a small dividend paid to this class of creditor | 18/09/2006 |
a loss declaration has been issued and the capital loss can therefore be claimed in the financial year the declaration is issued | 19/04/2004 |
the liquidators are pursuing the directors of the company for insolvent trading pursuant to s 588G of the Corporations Act 2001 - the trial is intended to be held in November 2004 | 31/03/2004 |
seeking update since 10 mar 04 | 26/03/2004 |
the position remains unchanged - the insolvent trading claim against three directors is progressing as per the court timetable - trial will be in the first half of 2004 - the balance of employee claims amounting to $420,000 remains unpaid - this is to be paid before unsecured creditors | 09/10/2003 |
seeking update | 25/09/2003 |
liquidators advise that the only remaining possible source of funds is from the outcome of Supreme Court damages claim against the directors for insolvent trading - a hearing date is due to be fixed by the court in June | 02/05/2003 |
liquidators advise that it is unlikely there will be any distribution to shareholders apart from the possibility (see above) of funds arising from using the corporate shell | 16/10/2002 |
liquidators advise that the corporate shell may be used and there is some possibility of funds flowing to shareholders as a result - this may take 12 months | 16/10/2002 |
delisted due to failure to pay annual listing fee | 30/08/2002 |
there has been no release to the market by the company since 27 November 2001 and the company was delisted on 30 August 2002 | 30/08/2002 |
liquidators advise of potential damages claim against directors for insolvent trading | 08/08/2002 |
liquidators indicate they are still considering a damages claim for breach of contract by the Lucas Group | 08/08/2002 |
creditors resolve to wind company up and MW Prentice and MJ Robinson appointed liquidators | 18/12/2001 |
administrator advises that he hopes proceeds from sale of assets to AJ Lucas Group Ltd will provide a substantial recovery to unsecured creditors | 27/11/2001 |
AJ Lucas Group Ltd acquires the principal assets and business undertaking from the voluntary administrators | 13/11/2001 |
company advises it is attempting to negotiate an outcome to its dispute with AJ Lucas Group Ltd | 25/10/2001 |
M Robinson and M Prentice appointed as voluntary administrators, AJ Lucas Group Ltd concludes that it will not proceed with the takeover | 25/10/2001 |
company requests suspension of securities from quotation until the takeover negotiations with AJ Lucas Group Ltd have reached a conclusion | 24/10/2001 |
company deregistered 23/03/2011 | 23/03/2011 |
a final dividend is declared on 6 March 2009 for the Company | 06/03/2009 |
liquidators confirm that no action will be taken in respect of insolvent and wrongful trading - they submitted their report to ASIC who decided that no further action would be taken - the liquidation can therefore be finalised - the liquidators have recently advertised for claims from unsecured creditors as there will be a small dividend paid to this class of creditor | 18/09/2006 |
a loss declaration has been issued and the capital loss can therefore be claimed in the financial year the declaration is issued | 19/04/2004 |
the liquidators are pursuing the directors of the company for insolvent trading pursuant to s 588G of the Corporations Act 2001 - the trial is intended to be held in November 2004 | 31/03/2004 |
seeking update since 10 mar 04 | 26/03/2004 |
the position remains unchanged - the insolvent trading claim against three directors is progressing as per the court timetable - trial will be in the first half of 2004 - the balance of employee claims amounting to $420,000 remains unpaid - this is to be paid before unsecured creditors | 09/10/2003 |
seeking update | 25/09/2003 |
liquidators advise that the only remaining possible source of funds is from the outcome of Supreme Court damages claim against the directors for insolvent trading - a hearing date is due to be fixed by the court in June | 02/05/2003 |
liquidators advise that it is unlikely there will be any distribution to shareholders apart from the possibility (see above) of funds arising from using the corporate shell | 16/10/2002 |
liquidators advise that the corporate shell may be used and there is some possibility of funds flowing to shareholders as a result - this may take 12 months | 16/10/2002 |
delisted due to failure to pay annual listing fee | 30/08/2002 |
there has been no release to the market by the company since 27 November 2001 and the company was delisted on 30 August 2002 | 30/08/2002 |
liquidators advise of potential damages claim against directors for insolvent trading | 08/08/2002 |
liquidators indicate they are still considering a damages claim for breach of contract by the Lucas Group | 08/08/2002 |
creditors resolve to wind company up and MW Prentice and MJ Robinson appointed liquidators | 18/12/2001 |
administrator advises that he hopes proceeds from sale of assets to AJ Lucas Group Ltd will provide a substantial recovery to unsecured creditors | 27/11/2001 |
AJ Lucas Group Ltd acquires the principal assets and business undertaking from the voluntary administrators | 13/11/2001 |
company advises it is attempting to negotiate an outcome to its dispute with AJ Lucas Group Ltd | 25/10/2001 |
M Robinson and M Prentice appointed as voluntary administrators, AJ Lucas Group Ltd concludes that it will not proceed with the takeover | 25/10/2001 |
company requests suspension of securities from quotation until the takeover negotiations with AJ Lucas Group Ltd have reached a conclusion | 24/10/2001 |
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