Australia releases draft crypto-asset tax reporting bill for consultation
BIBIBI
AT A GLANCE
Australia releases a legislative draft proposing to introduce the OECD Crypto-Asset Reporting Framework and a domestic reporting regime.
Article
Australia releases draft bill proposing adoption of the OECD crypto-asset tax reporting framework
PANews October 16 News, according to a Cointelegraph report, Australia has released the legislative draft “2026 Treasury Laws Amendment Bill: Taxation Information Reporting,” which is now open for public consultation until October 28. According to the Australian Treasury, the draft aims to establish a framework to incorporate the Organisation for Economic Co-operation and Development (OECD) Crypto-Asset Reporting Framework (CARF) into Australian law and introduce a domestic crypto-asset reporting regime. Australia first expressed its intention to implement 2023 in November and consulted on the proposal in the second half of CARF. Subsequently, the government announced in the “2024 Mid-Year Economic and Fiscal Outlook” its plans to implement 2025-26 and a domestic crypto-asset reporting regime; international exchanges of cryptocurrency tax information are expected to commence in CARF.... 2028
Key points
01
Australia has released a draft of the “2026 Treasury Laws Amendment Bill: Taxation Information Reporting.”
02
The draft is open for public consultation until October 28。
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According to the Australian Treasury, the draft proposes incorporating the Organisation for Economic Co-operation and Development (OECD) Crypto-Asset Reporting Framework (CARF) into Australian law.
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The draft proposes introducing a domestic crypto-asset reporting regime.
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Australia first expressed its intention to implement 2023 in November and consulted on the proposal in the second half of CARF. 2024
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The government announced in the “2025-26 Mid-Year Economic and Fiscal Outlook” plans to implement CARF and a domestic crypto-asset reporting regime.
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International exchanges of cryptocurrency tax information are expected to commence in 2028.
AI-assisted interpretation
The following is analysis, separate from reported facts. Verify important claims independently.
This draft proposes establishing rules for reporting crypto-asset tax information: on the one hand, adopting OECD's CARF; on the other hand, establishing an Australian domestic reporting regime. The content is currently still at the public consultation stage.
Why it matters to readers
If the relevant arrangements are ultimately implemented, Australia will establish domestic and international crypto-asset tax information reporting mechanisms.
Beginners should note that this is a legislative draft undergoing consultation and does not mean that the relevant regime has formally taken effect.
Risks and unknowns
The original article is a PANews report citing Cointelegraph and does not include the Australian Treasury’s original document.
The original article is truncated with an ellipsis, making it impossible to confirm the bill’s full provisions, covered parties, and specific obligations.
It remains uncertain whether the draft will subsequently be amended, adopted, and ultimately implemented.
2028 The launch of international information exchange is a planned arrangement for the year, and the available evidence is still insufficient to confirm whether it will be implemented on schedule.
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Related concepts
Organisation for Economic Co-operation and Development (OECD）
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