IMHO you have two options.
In short.
1. Investor
2. Trader
Investor works off closed trades and CGT.
Trader works from opening stock price to closed trades and/or closing price as at June 30.
This is applied as income /loss to/against your payg.
Once you change to trader status there is no returning to investor status.
This is not advice, please do your own research.
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- ASX - General
- Tax Implications - Trader Vs Investor
Tax Implications - Trader Vs Investor, page-33
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