4 result(s) for “tax reporting”
The Australian Treasury has released exposure draft legislation to implement the OECD Crypto Asset Reporting Framework and create a domestic crypto reporting regime, with consultations closing today, October 28, 2026. The change is intended to enable automatic cross border exchanges of crypto tax data from 2028 and introduce domestic reporting requirements from 2027.
Financial advisers across Australia are increasingly reluctant to recommend or formally advise on cryptocurrency, even as consumer uptake rises and Canberra advances licensing and global tax reporting rules for digital assets.
The Australian Treasury released draft legislation this month that would bring the OECD Crypto Asset Reporting Framework into domestic law, creating new reporting duties for exchanges, wallet providers and other crypto platforms and setting a timetable that could see domestic reporting begin in 2027 and cross border data exchanges from 2028.
Australia’s corporate regulator published draft standards and guidance for exchanges and tokenised custody platforms, proposing asset holding, settlement and substantial capital requirements as the Digital Assets Framework comes into force on April 8, 2027.