justinp,
Most pro traders will be running through a company structure or the like (i.e. pty ltd) = 30% tax... Pay BAS every 3 months etc... Then take wages...
Can also trade LT in a SMSF = 15% tax..
Have to be careful that if the pty ltd is in the business of share trading , then you don't trade so actively in the SMSF as it will/could be considered carrying on a businesses may be in breach of the sole purpose test.
