If held for less than a year then 100% of capital gain is assessable at your marginal tax rate, if longer than a year 50% is assessable. Both are at your marginal tax rate. If the ATO deems you to be a trader then you pay income tax on the income, $57k in six weeks if that profit was rate was kept up for twelve months would probably make him assessable for income tax and then BAS assessments.
Target price, page-620
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