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Well, it is not quite taxes on every trade... it is the taxes on the profits of a trade, which is why there needs to be so much tracking of what you bought and sold at!

However, the benefit is that if you HODL, you don't get taxed until you sell... and you can offset your losses against your profits. So, there are some advantages against the single year snapshot (which is taxed if you hold). Just I prefer the lazy tracking rather than the overly detailed one....

Oh... That's fine then, enjoy Australia with all the good things it offers.