frequency of paying tax and reporting, page-23

ub

you would be hard pressed to be deemed a trader

i've seen smsf's managed by financial advisors that would do more than that number of trades

given that your line of work has nothing to do with trading then even more difficult to be a 'trader'

i've seen someone do more than 400 trades last year - not even close to beng a trader - simply being proactive in mitigating potential losses in a volatile market - a 'hold and hope' approach would have resulted in a disastrous return, but by careful management, the loss was significantly less

sole purpose easily retained

as a side note - at the end of 2007, the ato was critical of the large amount of 'cash' held in smsf's (part of that anomaly is due to a lot of cont'n going in at year end)

cheers

mk