The government has released a draft legislation to support the implementation of the Crypto-Asset Reporting Framework (CARF) and domestic reporting measure, which was announced as part of the 2025–26 Mid-Year Economic and Fiscal Outlook.
The CARF was developed by the Organisation for Economic Co-operation and Development to improve international tax transparency for crypto-asset transactions.
The draft legislation provides a framework to introduce the OECD Crypto-Asset Reporting Framework into Australian law. It also updates the existing Common Reporting Standard and introduces a Domestic Crypto Reporting Regime. To find out what these proposed changes mean for reporting obligations, see the draft legislationExternal Link.
We're consulting to identify practical challenges associated with implementing the Domestic Crypto Reporting Regime alongside the CARF. You can register your interest in participating in consultation.
For more information, see Crypto Asset Reporting Framework and domestic reporting.
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