Miscellaneous 2020

Considerations from Greig v FCT

Source: Taxation In Australia Journal Article

Published Date: 1 Oct 2020


Andrew Greig was certain that his investment in Nexus Energy Ltd (Nexus) was going to pay off. Despite declining share prices, he made 65 separate acquisitions of Nexus shares, expending over $11.8m, in the hope that the market would eventually recognise Nexus' value. Unfortunately for Greig, the market never would. In 2014, Nexus was placed into administration and his shares were transferred for nil consideration.

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William Malouf
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Miles Hurst
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Aleksandra Pasternacki

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Miscellaneous 2020

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