Shares in XYZ Ltd were sold on 1/10/2017 for $45000AUD.

Shares in XYZ Ltd were sold on 1/10/2017 for $45000AUD. These shares were purchased for long term investment purposes on 31/10/1998 for $41500AUD

Advise as to the tax implications of disposals and calculate any amounts required to be declared in tax return for Australian tax resident