Australia released the draft Treasury Laws Amendment Bill 2026 to implement the OECD Crypto-Asset Reporting Framework, with public comments accepted until October 28.
The framework establishes a domestic crypto reporting regime and enables the automatic international exchange of cryptocurrency tax information.
International exchanges of crypto tax information between countries are expected to commence in 2028.

Australia released draft legislation that would enable automatic exchange of crypto tax information between countries, with the proposal open for public comment until Oct. 28. The Treasury Laws Amendment Bill 2026: Tax information reporting establishes a framework to implement the Organisation for Economic Co-operation and Development (OECD) Crypto-Asset Reporting Framework (CARF) in Australian law and introduces a domestic crypto reporting regime, according to the Australian Treasury. The move is part of a broader international effort to address tax evasion risks arising from the growth of crypto assets.

Australia Announced CARF Implementation Plans in 2025-26 Fiscal Outlook

Australia first signaled its intention to implement CARF in November 2023 and consulted on its proposed approach in late 2024. The government subsequently announced plans to implement both CARF and a domestic crypto reporting regime in its 2025-26 Mid-Year Economic and Fiscal Outlook. International exchanges of crypto tax information are expected to begin in 2028.

OECD Approved CARF in August 2022

The OECD approved CARF in August 2022 to address tax evasion risks arising from the growth of crypto assets. The framework provides a standardized approach for countries to exchange tax information related to cryptocurrency transactions.

FAQ

What did Australia release on crypto tax reporting?

Australia released the draft Treasury Laws Amendment Bill 2026: Tax information reporting, which establishes a framework to implement the OECD Crypto-Asset Reporting Framework (CARF) in Australian law and introduces a domestic crypto reporting regime. The draft bill is open for public comment until Oct. 28.

When did Australia first signal its intention to implement CARF?

Australia first signaled its intention to implement CARF in November 2023, consulted on its proposed approach in late 2024, and announced implementation plans in its 2025-26 Mid-Year Economic and Fiscal Outlook. International exchanges of crypto tax information are expected to begin in 2028.

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