Fair point. What I'm trying to say is if you're not an Austratax...

Fair point. What I'm trying to say is if you're not an Austratax resident then you can't get the CGT discount- it doesn't matter if you hold for a year or less. But it really depends on the rules of your jurisdiction. Someone mentioned on here a while back that they sold as they were in the US and any distribution would be treated like a dividend- the company is seeking an ATO ruling, not an IRS one even though it's listed in the US as well.