Cambo,
The reason why you never had a problem is because the tax system in australia is a self assessed system. No one audits your return unless you are in a targeted group, or have something seriously unusal.
MDW,
The usual treatment is first in first out. Unless you have a reasonable basis to say that the shares you sold are of a certain parcel.
Using mongombolo's example,
If you bought 300, then 700, then 1000.
You can safely sell 700 and say it's from the 2nd parcel.
hope this helps
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Cambo,The reason why you never had a problem is because the tax...
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