Australia publishes draft bill to adopt OECD cryptocurrency tax reporting framework

Australia is among 77 jurisdictions committed to adopting CARF, with the first international crypto tax data exchanges expected in 2028.

Australia is among 77 jurisdictions committed to adopting CARF, with the first international crypto tax data exchanges expected in 2028.

Australia has published draft legislation that would allow the automatic exchange of cryptographic tax information between countries.

The draft bill, Treasury Rules Amendment Bill 2026: Tax Information Reporting, is open for comment until October 28. Under Australian law, it establishes a framework for implementing the Organization for Economic Co-operation and Development's (OECD) Crypto Asset Reporting Framework (CARF) into Australian law and introduces a domestic cryptocurrency reporting regime to the Australian Department of Security.

Australia first announced its intention to implement CARF in November 2023 and consulted on its proposed approach in late 2024. The government subsequently announced plans to implement CARF and a domestic cryptocurrency reporting regime in its 2025-26 Mid-Year Economic and Fiscal Outlook, and 8 international exchanges are expected to begin taxing crypto.

The OECD approved the CARF in August 2022 to address the risks of tax evasion arising from the growth of crypto-assets.