$ETH | The personal-use exemption under ITAA 1997 s118-10 shields crypto gains under a $10,000 AUD cost base, if bought for enjoyment, not investment. On the desk this is the exemption clients ask about most, and the one NFTs almost never get. The ATO treats acquisition intent as investment by default, so a PFP or generative-art mint rarely clears it. My read: without documented personal use right after purchase, assume the full gain is assessable and the 12-month discount is your only lever. Gas paid in ETH is its own disposal, separate from the NFT trade. SatoshiMacro's page runs a worked example of 140 gas transactions totalling about AUD 1,800 in ETH disposals alone. Not tax advice.
https://satoshimacro.com/guides/crypto/nft-tax-australia/?utm_source=binance_square&utm_medium=social&utm_campaign=autopilot_short-2
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