tax free status, page-2

You may need to see a psychiatrist if you keeping 'hearing' things. Sounds very serious.

As for MMR, all gains are non-taxable and all losses are non-deductible.

This holds whether you are an investor or trader.

Best wishes




INCOME TAX ASSESSMENT ACT 1936
PART III - LIABILITY TO TAXATION

Division 10E - PDFs (pooled development funds)

Subdivision A - Shares in PDFs

SECTION 124ZN

124ZN EXEMPTION OF INCOME FROM SALE OF SHARES IN A PDF

Income derived by a taxpayer from selling shares in a company is exempt from income tax if the company is a PDF at the time of the sale.

SECTION 124ZO

124ZO SHARES IN A PDF ARE NOT TRADING STOCK

Shares in a PDF are not trading stock for the purposes of this Act.



http://law.ato.gov.au/atolaw/results.htm?rank=find&cat=ALL&criteria=AND~pdf~basic~exact&target=AA&style=java&recStart=1&PiT=99991231235958