ATO Deemed disposal rule, page-2

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    According to the below section, capital gains on the sale of assets are by a foreign resident are disregarded, unless the assets are taxable Australian property.

    http://www.austlii.edu.au/cgi-bin/viewdoc/au/legis/cth/consol_act/itaa1997240/s855.10.html

    For shares it to be taxable Australian property you first need to have an interest of approximately 10% before considering the underlying holdings of the company.

    Of course the above advice is of a general nature only and is intended to assist you in formulating questions to ask your accountant in obtaining specific advice for your specific circumstances.

 
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