ato share trader question, page-17

i would ignore Kacy's advice and everyone else's (apart from Mistyrains)

for a share trader, the non-commercial loss rules are irrelevent, unless your non-share trading taxble income (including fringe benefits, personal super contributions & investment loss) is $250,000 per annum or more

Kacy has misunderstood the 'income test', which is sales turnover (assessable income) less than $20,000 [rather than net profit less than $20,000]

Kacy, see: http://law.ato.gov.au/atolaw/view.htm?locid='PAC/19970038/35-30'#35-30