I should add:
You should always seek advice from a suitably qualified professional. Too often people make costly mistakes from following advice they read on the internet or reading a snippet of information on the ATOs website (which usually only applies in the most basic of circumstances) and thinking they can do it themselves. Online forums (regarding tax advice) are at best a good place to help you formulate questions to ask qualified professionals.
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I should add:You should always seek advice from a suitably...
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