There is one exceptionIf you are a share trader, they are not...

There is one exception

If you are a share trader, they are not capital losses they are revenue losses. Then those losses can be offset against salary and business income

Whether or not you are a trader v investor. Well the ato has guidence but the main factors include:-

Volume of transactions. Trader has many more buys and sells
Average time you hold. Trader holds for short term profit, investor holds for long term gain
etc etc

Now if you are a trader and you make a loss, you still need to satisfy the non commercial loss rules the written into the tax law

Sorry guys, a little tax lesson. Must be all the bio a I'm taking