Im an accountant and that sounds like dodgy advice. Unless you are classified as a trader or are holding shares as trading stock (pretty much a trader) they gains/losses will be treated on capital account.
Any losses will only be deductable against future capital gains and can be carried forward indefinetly, youll just need to declare then in each your tax return as carry forward losses
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BNB
babcock & brown limited
tax return, page-4
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