Australia has published draft legislation that would bring the OECD’s Crypto-Asset Reporting Framework into national law and create a domestic reporting system for crypto transactions.
The Treasury Laws Amendment Bill 2026: Tax information reporting is open for public comment until October 28. If adopted, the framework would allow Australia to exchange crypto tax information automatically with other participating jurisdictions. The first international exchanges of that information are expected to begin in 2028.
According to Cointelegraph, Australia is one of 77 jurisdictions that have committed to adopting CARF, an international framework designed to improve tax authorities’ access to information about crypto-asset activity.
What the draft legislation would do
The bill would establish the legal basis for implementing CARF in Australia. It would also introduce a separate domestic crypto reporting regime, meaning the proposed rules are intended to support both international information-sharing and reporting within Australia.
The framework would address the reporting of crypto-related tax information to authorities, allowing relevant data to be exchanged automatically between countries. The source material does not specify the particular crypto platforms, assets or transactions that would fall within the proposed requirements.
The public consultation gives interested parties until October 28 to submit comments on the bill. The consultation is part of the process before the proposed framework can be implemented through Australian law.
Australia’s path to CARF
Australia first indicated that it intended to adopt CARF in November 2023. The government then consulted on its proposed approach in late 2024.
Plans to introduce both CARF and a domestic crypto reporting regime were later included in Australia’s 2025–26 Mid-Year Economic and Fiscal Outlook. The government’s stated timetable anticipates that Australia’s first international exchanges of crypto tax information will take place in 2028.
The OECD approved CARF in August 2022. The framework was developed in response to tax-evasion risks associated with the expansion of crypto assets and is intended to give tax authorities greater visibility across borders.
Moneyiar market picture
Moneyiar market data at the times shown below indicates mixed performance among the listed assets:
- Monad (MON): $0.0214784939, down 6.09% over 24 hours and 14.95% over seven days, as of October 17, 2026, at 21:43 +03:30.
- Data Network (DATA): $0.1738706172, down 4.97% over 24 hours and 12.49% over seven days, as of October 17, 2026, at 21:43 +03:30.
- Billions Network (BILL): $0.0139971939, down 0.59% over 24 hours but up 10.04% over seven days, as of September 21, 2026, at 01:39 +03:30.
- cat in a dogs world (MEW): $0.0004055835, down 4.34% over 24 hours and 15.44% over seven days, as of October 17, 2026, at 21:43 +03:30.
These market figures cover selected digital assets and do not measure the progress or effect of Australia’s proposed tax-reporting legislation.
