notice just in, page-33

Be careful in regard to the 50% discount. You have to be a share holder, imo. Correct me if you know better.

"A share trader is a person who carries out business activities for the purpose of earning income from buying and selling shares. This person's position may be briefly summarised as:
receipts from the sale of shares constitute income
purchased shares would be regarded as trading stock
costs incurred in buying or selling shares are an allowable deduction in the year in which they are incurred, and
dividends and other similar receipts are included in assessable income.
A share holder is a person who holds shares for the purpose of earning income from dividends and similar receipts. This person's position may be briefly summarised as:
the cost of purchase of shares is not an allowable deduction, but is a capital cost
receipts from the sale of shares are not assessable income – however any net profit is subject to capital gains tax
a net loss from sale of shares may not be offset against income from other sources, but may be carried forward to offset against future capital gains made from the sale of shares
costs incurred in buying or selling shares are not an allowable deduction in the year in which they are incurred, but are taken into account in determining the amount of any capital gain
dividends and other similar receipts are included in assessable income, and
costs (such as interest on borrowed money) incurred in earning dividend income are an allowable deduction at the time they are incurred."

Like i said if you know better then by all means correct me but as far as i can see the 50% discount is applicable to an investor or share holder that has held onto share for at least 12 months and initially invested for the purpose of earning a dividend. So buying shares in many of the spec stocks on the market makes you a share trader ???
Any other views??