And with our trading skills and successes: Aren't we in a good position to help in that regard? Regardless where we live, we can band together and chip in without having a plumbers license, heavy machinery, or even a broom.
Let me start the ball rolling and suggest this:
Everybody pick one particular "typical" trade, follow it from Buy to Sell (make sure it turns a profit without the need to average down and wait 5 years ), and donate the profit to the Premier's Relief Appeal.
Actually, my ball has been rolling last week:
and $448 went today into
BSB: 064 013
Account number: 1000 6800
Account Name: Premiers Disaster Relief Appeal
My accountantAny copycats out there? What are you waiting for?Confirmed with ATO
That a SMSF can make a donation – so you can realize the gain – then claim the donation as an expense.