Appreciate your response.
My understanding if for a share trader and registered for GST you can claim a GST credit for 75% of the GST paid on brokerage.The balance of the GST on brokerage and all other GST paid is then claimed as an expense.
Please see below link to ATO website
https://www.ato.gov.au/Business/GST/In-detail/Your-industry/Financial-services-and-insurance/GST-and-financial-supplies/?page=4
I will be reaching out to Accountant to confirm this
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