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Regulatory consultation papers and consultation conclusions: the direction before rules are finalized.
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Australia has released draft legislation proposing adoption of the OECD Crypto-Asset Reporting Framework by 2028. The draft aligns with the tax information exchange rules for crypto assets under the OECD CRS framework, and the implementation arrangements will affect tax filing and cross-border information exchange requirements for crypto assets in Australia.
Read originalAustralia plans to introduce cryptocurrency tax filing rules before their official implementation in 2028. Details such as the specific filing requirements and scope of application of the relevant rules have not yet been disclosed.
Read originalAustralia has released a proposed bill to adopt the OECD Crypto-Asset Reporting Framework. The bill is currently in the draft stage and has not yet been officially implemented.
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