According to Australia's Treasury, the public consultation on the Treasury Laws Amendment Bill 2026: Tax Information Reporting closed on Wednesday (October 28). The proposed legislation would implement the OECD's Crypto-Asset Reporting Framework (CARF) and establish a separate domestic reporting regime requiring crypto platforms to report Australian customers' trades to the tax office.

Much of the regime's operational detail—including which providers report, reporting deadlines, and administrative penalties—remains undecided and would be set later by ministerial rules. Lawyers at Piper Alderman flagged that the domestic regime sets no minimum transaction value threshold, meaning many providers will face reporting obligations under both CARF and the domestic regime.

View Source

Disclaimer: This content is for informational purposes only and does not constitute investment advice or encourage the buying or selling of crypto assets. It is intended to provide information about industry developments and is not directly related to the services offered by Gate TR. Although information obtained from third-party sources has been carefully reviewed, Gate TR assumes no responsibility for any errors or omissions. Crypto assets involve high risks and may experience significant price fluctuations. Before making any investment decisions, you should assess your financial situation and risk tolerance, conduct your own research, and make decisions independently.