As I highlighted in my previous post, share-washing determination may only affect the poor retail "investors" -not big guys who know all the tricks.
If your trading pattern qualifies you as a share trader (from ATO's opinion/guideline), who have to react in "real time", I don't think you are bound by the rule. Few of my friends whose accountants "give" them the status of a share trader, just simply because they just bought/sold/bought back again the same shares. But, that's only my understanding, DYOR.
BLY Price at posting:
11.7¢ Sentiment: Buy Disclosure: Held