# Australia Releases Draft Bill to Adopt OECD Crypto Tax Reporting Rules

- URL: https://stocks.freetheai.org/news/australia-releases-draft-bill-to-adopt-oecd-crypto-tax-reporting-rules-0c2a42
- Published: 2026-10-15T23:34:19Z
- Category: regulation; sentiment: neutral; impact: medium
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Australia has published proposed legislation titled the Treasury Laws Amendment Bill 2026: Tax information reporting. The proposed law sets up a legal framework to incorporate the Organisation for Economic Co-operation and Development (OECD) Crypto-Asset Reporting Framework into domestic law while establishing a national crypto reporting structure.

The move aims to curb tax evasion across international borders by enabling tax authorities to automatically swap information on digital asset transactions. The OECD originally designed these standards in August 2022 to address tax evasion risks as digital asset adoption expands globally. Australia previously indicated its backing for the international rules in late 2023 and held consultations in late 2024.

Public feedback on the draft bill remains open through Oct. 28. Following legislative approval and setup, international exchanges of cryptocurrency tax data under the system are scheduled to start in 2028.

## Key points

- Australia released draft legislation to implement the OECD Crypto-Asset Reporting Framework and a domestic crypto tax regime.
- The legislation, titled Treasury Laws Amendment Bill 2026: Tax information reporting, is open for public comment until Oct. 28.
- International sharing of cryptocurrency tax details between participating countries is set to commence in 2028.
- The OECD introduced the reporting standards in August 2022 to reduce cross-border tax evasion risks involving digital assets.

## Questions and answers

### What is Australia's draft crypto tax bill?

Australia released draft legislation, the Treasury Laws Amendment Bill 2026, to implement the OECD Crypto-Asset Reporting Framework and create a domestic reporting regime for digital asset tax information.

### When will Australia begin sharing crypto tax data internationally?

Automatic international exchanges of crypto tax information under the new reporting framework are scheduled to begin in 2028.

### What is the deadline for public feedback on Australia's crypto tax bill?

The draft bill is open for public consultation and comments until Oct. 28.