Australia has released draft legislation to bring the OECD’s Crypto-Asset Reporting Framework into domestic law and establish a separate reporting regime for transactions involving Australian residents. The Treasury Laws Amendment Bill 2026: Tax information reporting would also update Australia’s existing Common Reporting Standard.
The framework would require relevant crypto-asset transaction providers to supply standardized, annual tax information for collection and exchange by tax authorities. Australia’s first international exchanges of crypto-tax information are expected in 2028, although the draft bill is not yet law.
The consultation opened on Oct. 15 and closes on Oct. Treasury has published an exposure draft and explanatory material for public comment.
Australia first indicated in November 2023 that it intended to implement CARF, then consulted on implementation options between November 2024 and January 2025. The government later included both the international framework and a domestic crypto reporting regime in its 2025–26 Mid-Year Economic and Fiscal Outlook.
The OECD approved CARF in 2022 as part of broader international tax-transparency standards. Australia is among 77 jurisdictions committed to adopting the framework, with its consultation now the next formal step toward implementation.