Day traders' hooray it's the weekend lounge May 21 - 23, page-110

my accountant explained it to me like this.....if you trade a bit but the bulk of your smsf holdings are in divi paying majors you should be ok. I have about 75% divi payers (banks etc) and 25% growth stocks like imu, acw and ibx and I haven't yet had stern words from the smsf auditor. if you are throwing money into specs on a wholesale level without the majors in the portfolio you can expect a bung from your fund auditor and probably the ato. be careful and have a trading account outside your fund for trading with.

cheers

g