Australia Releases Draft Bill to Adopt OECD Crypto Tax Reporting Framework

Australia has put out draft legislation that would allow the automatic exchange of crypto tax information with other countries. Titled Treasury Laws Amendment Bill 2026: Tax information reporting, the bill is open for public comment until Oct. 28. According to the Australian Treasury, it would write the OECD Crypto Asset Reporting Framework (CARF) into Australian law and also create a domestic crypto reporting regime.

What CARF Is and Why It Exists

The OECD approved CARF in August 2022 to tackle tax evasion risks tied to the rapid growth of crypto assets. Australia is one of 77 jurisdictions committed to adopting the framework, which sets common standards for how crypto transactions are reported and shared across borders.

Timeline for Crypto Tax Data Exchange

Australia first signaled its plan to adopt CARF in November 2023 and consulted on its proposed approach in late 2024. The government later confirmed it would roll out both CARF and a domestic reporting regime in its 2025 to 2026 Mid-Year Economic and Fiscal Outlook. The first international exchanges of crypto tax information are expected to begin in 2028.