You're incorrect. If you read that same page on the ATO website, you'll see that you need to prove your share trading was carried out as a business. This includes amount invested, regularity, repetition of trades, etc. Buying and selling shares is not considered a business on its own. Same goes for buying and selling houses. They are both assets and will be treated as capital gains / losses. Unless you can provide to the ATO you were doing so as part of a business.
Source: Bach. of Accounting
Ann: ASM signs agreement for sale of NdFeB alloy, page-132
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Last
64.0¢ |
Change
0.070(12.3%) |
Mkt cap ! $116.0M | |||
| Open | High | Low | Value | Volume |
| 58.0¢ | 64.5¢ | 58.0¢ | $158.7K | 256.0K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 527 | 64.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 65.0¢ | 17600 | 1 |
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