- Australia released a draft bill to enable automatic exchange of crypto tax information between countries.
- The proposal would implement the OECD Crypto-Asset Reporting Framework and a domestic crypto reporting regime.
- Australia expects first international exchanges of crypto tax information to begin in 2028.
Australia crypto tax reporting is moving forward with draft legislation that would set up automatic sharing of crypto tax information between countries. The Australian Treasury said the Treasury Laws Amendment Bill 2026: Tax information reporting is open for comment until Oct. 28. The bill would place the Organisation for Economic Co-operation and Development Crypto-Asset Reporting Framework into Australian law and also create a domestic crypto reporting regime. Australia is listed among 77 jurisdictions committed to adopting CARF, and the government has already outlined a timeline that points to first international exchanges of crypto tax data in 2028.
Australia crypto tax bill details
Australia has published draft legislation designed to support cross-border reporting of crypto tax information. According to the Australian Treasury, the bill would create the legal framework needed for the automatic exchange of that information between countries.
The measure is formally titled the Treasury Laws Amendment Bill 2026: Tax information reporting. Public feedback is open until Oct. 28, giving interested parties a set period to comment on the draft before any next steps are taken.
OECD framework and domestic reporting
The draft bill would implement the OECD Crypto-Asset Reporting Framework, also known as CARF, in Australian law. Alongside that international framework, the proposal would also introduce a domestic crypto reporting regime.
The OECD approved CARF in August 2022. The framework was developed to address tax evasion risks linked to the growth of crypto assets, providing the basis for reporting and information exchange covered in Australia’s draft legislation.
Australia crypto tax timeline to 2028
Australia first indicated in November 2023 that it intended to implement CARF. It later consulted on its proposed approach in late 2024, showing that the current draft bill follows earlier policy steps rather than appearing without warning.
The government then said in its 2025–26 Mid-Year Economic and Fiscal Outlook that it planned to implement both CARF and a domestic crypto reporting regime. Under that timeline, the first international exchanges of crypto tax information are expected to start in 2028.
International commitment and next steps
Australia is among 77 jurisdictions that have committed to adopting CARF. That places the draft bill within a broader international effort tied to common crypto tax reporting standards.
For now, the immediate next step is the consultation period on the draft legislation. With comments open until Oct. 28, the proposal remains at the draft stage while Australia continues work on the framework for future reporting and international data exchange.
Conclusion
Australia crypto tax reporting is advancing through a draft bill that would allow automatic exchange of crypto tax information between countries while also setting up a domestic reporting regime. The proposal would bring the OECD Crypto-Asset Reporting Framework into Australian law, following earlier signals in November 2023, consultation in late 2024, and the government’s 2025–26 Mid-Year Economic and Fiscal Outlook. Australia is one of 77 jurisdictions committed to CARF, and the current timeline points to first international exchanges of crypto tax information beginning in 2028. Public comments on the bill are open until Oct. 28.
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