Regulation
Neutral
Australia releases draft bill to adopt OECD crypto tax reporting
Image: CointelegraphAustralia's Treasury has released draft legislation to implement the OECD Crypto-Asset Reporting Framework in Australian law. The bill is named Treasury Laws Amendment Bill 2026: Tax information reporting. It is open for public feedback until October 28. The draft also creates a domestic crypto reporting regime. Crypto service providers would collect user and transaction data and pass it to tax authorities, who could share it with other participating countries. Cross-border sharing of crypto tax data is expected to begin in 2028.
Key points
- Australia's Treasury released draft legislation to implement the OECD Crypto-Asset Reporting Framework in Australian law.
- The draft bill is the Treasury Laws Amendment Bill 2026: Tax information reporting.
- The bill would introduce a domestic crypto reporting regime alongside the international framework.
- Australia first signaled its plan to adopt CARF in November 2023 and consulted on the design in late 2024.
Why it matters
The draft would require crypto service providers to report user and transaction data to tax authorities, which could share it with other countries. It may affect how Australian crypto users and providers handle tax reporting once the framework takes effect.
Sources · 2 publishers
Coinpedia
Tier 3
Australia Publishes Draft Law To Adopt OECD Crypto Tax Reporting Rules
Coverage timeline
- First reported by Cointelegraph
- Also reported by Coinpedia
- CryptoVideos brief published
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