My03, if you don't understand the ATO CGT implications, I strongly recommend you get some financial advice.
If people buy and sell, and then don't declare because some ill informed friend / acquaintance says no CGT is payable, they may well end up with a huge bill + interest + fine from the ATO. In many instances this may be years down the track, and the accumulated liability $$$ may be huge.
Remember the ATO works in "lag mode" & "self assessment", but eventually all information from fund managers, trustees, brokers, banks etc etc tell them a picture.
BBI Price at posting:
8.3¢ Sentiment: Hold Disclosure: Held
