【Crypto Brief】Australia Releases Draft Bill on Crypto Asset Tax Reporting; Platforms Required to Report from July 2027
🇦🇺 On October 15, the Australian Treasury published a draft of the Treasury Laws Amendment Bill 2026: Taxation and Information Reporting, which proposes incorporating the OECD’s Crypto-Asset Reporting Framework (CARF) into Australian law.
📋 The draft also establishes a domestic crypto reporting regime covering transactions by Australian residents, with platform reporting requirements proposed to take effect from July 2027.
👀 Public submissions are open until October 28; cross-border exchanges of crypto tax information are expected to begin in 2028.
Source: Cointelegraph, Bloomberg Tax, Australian Treasury
⚠️ Risk warning: Crypto asset prices are highly volatile. This article is for informational purposes only and does not constitute investment advice. Please exercise sound judgment and manage leverage.
🇦🇺 On October 15, the Australian Treasury published a draft of the Treasury Laws Amendment Bill 2026: Taxation and Information Reporting, which proposes incorporating the OECD’s Crypto-Asset Reporting Framework (CARF) into Australian law.
📋 The draft also establishes a domestic crypto reporting regime covering transactions by Australian residents, with platform reporting requirements proposed to take effect from July 2027.
👀 Public submissions are open until October 28; cross-border exchanges of crypto tax information are expected to begin in 2028.
Source: Cointelegraph, Bloomberg Tax, Australian Treasury
⚠️ Risk warning: Crypto asset prices are highly volatile. This article is for informational purposes only and does not constitute investment advice. Please exercise sound judgment and manage leverage.