The ATO requirement to be registered for GST is dependent on income.
I thought that I would bring this up. And provides further guidance between Trader and Investor. I suspect most good traders would be across this.
This is a case that has traveled through the courts recently and may be of benefit to those that have been hit hard over the previous years. Now this IS wholly dependent on individual circumstances but feel free to look into this and don't consider it advice. ------------------------
Successful claim to deduct GFC share trading losses In Case 10/2011, 2011 ATC ¶1-037, the taxpayer successfully argued that his shares, which had lost value during the Global Financial Crisis (GFC), were held on revenue account. Accordingly he was entitled to claim a deduction for his share trading losses.
