accountant, page-20

abbeyrose1

"trader is when it is your main source of income" .... not so.
The test the ATO uses has to do with intent, frequency, whether it is treated as a business etc. This has been covered on HC many times.

Trusts have to distribute profit (or loss) each financial year (not wait until you die). Advantage of a discretionary trust is that profits (or losses) can be distributed to whoever the trustee desires .... ie to minimize tax or whatever