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18th April 2010, 09:01 AM
#3
If you sell by cash it technically didn't happen. However anything that enters your bank accounts can be assessed for tax. Generally the ATO won't bother if your income via private sales is under ~$15k. Besides which, most sales of TFs are generally a capital loss anyway.
So the shortanswer is NO.
If someone who is an accountant knows otherwise now is the time to correct me
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