the non-commercial loss rule rarely applies to share traders because to pass the test you must make $20,000 worth of sales, which is exceptionally easy to do. for example, i have personally done $10,000 in sales over the last two days so i have already met 50% of the requirement for this whole year over just two days
if you make at least $2o,000 in sales for the year, the non-commercial loss rule can only defer your loss to a later year if your other income is $250,000 or more for the year
see link: http://www.ato.gov.au/content/00226139.htm
as i advised earlier, forget about the non-commercial loss rules
