Capital Gains Tax Reduction Question, page-6

Great question.

Here's the thing. I've spoken to my accountant and a few others with years of ASX investing experience.

I ASSUMED the CGT credit was automatic IF you held your shares for 12 months or more.
What I've been told is IF the ATO classifies you are a "trader" for say 1-3+ years...you then need to "convince them that you're no longer a "stock trader" but "INVESTOR".

I'm a little ticked at this as I assume the 12 month CGT credit was locked in stone.
I'm told the ATO views your case on a case by case basis, which I think is wrong.

Either there is a 12 month CGT credit. Or there's not.

(Also, what if you have 1 stock for 12 months 10-50% of your networth and trade 50%+ the rest?)

The ATO just isn't clear here.