tax implications , page-5

It is up to you to decide if your activities consitute share trading or share investing and what ever you decide the ATO can if they feel it is justified challenge the way you have treated your activities

Here is a link to a VERY GENERAL fact sheet put out by the ATO on the matter

Any further information should be sort by a tax account experienced in the area

free information of the web or any other source could cost a lot more in the long run, take more word for it a lot of the information floating around out there is just out right incorrect.

http://www.ato.gov.au/businesses/content.asp?doc=/content/21749.htm