Australia’s draft crypto tax bill puts local data on course for exchange with 76 countries
Australia’s draft bill would put crypto tax data into an OECD system exchanging information with 76 other countries, with first exchanges expected in 2028.
Australia has published draft legislation that would write the OECD’s crypto tax reporting standard into national law and start swapping that data with dozens of other countries from 2028.
Cointelegraph first reported the release of the draft bill on Oct. 15, 2026. The measure, titled Treasury Laws Amendment Bill 2026: Tax information reporting, is open for industry comment until Oct. 28, according to the Australian Treasury.
For an ordinary holder, the practical change is visibility. From 2028, transactions reported by exchanges and service providers flow automatically to other tax authorities, without any government sending an individual request. Australia is one of 77 jurisdictions committed to the Crypto-Asset Reporting Framework (CARF), the OECD standard approved in August 2022 to counter tax evasion as crypto holdings grew. A resident’s activity therefore becomes visible to a large group of treaty partners at once, so the practical answer to “what do I declare” stops depending on where an account sits.
The draft bill also introduces a domestic crypto reporting regime alongside the international framework, following a commitment in the 2025-26 Mid-Year Economic and Fiscal Outlook. Australia first signalled its intention to adopt CARF in November 2023 and consulted on the approach in late 2024, so the bill lands after roughly three years of groundwork.
The Oct. 28 deadline leaves operators a short window to press for workable obligations. The draft is open for comment and is not yet law; its provisions can change before introduction to Parliament, and dates such as the 2028 start of data exchanges will firm up only at enactment.
